MarineMax (NYSE:HZO) Issues FY24 Earnings Guidance

MarineMax (NYSE:HZO) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $2.20 to $2.30 for the period, compared to the consensus EPS estimate of $2.20. MarineMax also updated its FY 2024 guidance to 2.200-3.200 EPS.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of MarineMax from $35.00 to $44.00 and gave the stock a buy rating in a research report on Friday. B. Riley dropped their price objective on shares of MarineMax from $48.00 to $46.00 and set a buy rating for the company in a report on Wednesday, July 10th. DA Davidson raised their price objective on shares of MarineMax from $34.00 to $37.00 and gave the stock a buy rating in a report on Wednesday. Finally, Stifel Nicolaus raised their price objective on shares of MarineMax from $35.00 to $40.00 and gave the stock a buy rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $41.75.

MarineMax Stock Performance

Shares of MarineMax stock opened at $37.20 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 0.34. The firm has a market cap of $829.60 million, a P/E ratio of 13.48 and a beta of 1.83. The firm has a 50 day simple moving average of $32.30 and a 200 day simple moving average of $30.85. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $42.88.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.16. The business had revenue of $757.72 million during the quarter, compared to analyst estimates of $720.30 million. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. MarineMax’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 earnings per share. Sell-side analysts predict that MarineMax will post 2.4 earnings per share for the current fiscal year.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.