MarineMax (NYSE:HZO) Posts Quarterly Earnings Results

MarineMax (NYSE:HZO) posted its earnings results on Thursday. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.16, Briefing.com reports. The firm had revenue of $757.72 million for the quarter, compared to the consensus estimate of $720.30 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.07 earnings per share. MarineMax updated its FY24 guidance to $2.20 to $2.30 EPS and its FY 2024 guidance to 2.200-3.200 EPS.

MarineMax Trading Up 0.3 %

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

Wall Street Analyst Weigh In

HZO has been the topic of several recent research reports. DA Davidson increased their target price on MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus increased their target price on MarineMax from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Truist Financial increased their target price on MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday. Finally, B. Riley dropped their target price on MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.75.

MarineMax Company Profile

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.