MarineMax (HZO) to Release Quarterly Earnings on Thursday

MarineMax (NYSE:HZO) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.18 per share for the quarter.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, July 25th. The specialty retailer reported $1.51 EPS for the quarter, beating the consensus estimate of $1.35 by $0.16. The company had revenue of $757.72 million during 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 firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $2.07 EPS. On average, analysts expect MarineMax to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MarineMax Stock Performance

Shares of HZO opened at $28.90 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 0.36. The stock has a 50-day moving average of $32.07 and a 200-day moving average of $30.99. The company has a market cap of $644.50 million, a PE ratio of 10.47 and a beta of 1.82. MarineMax has a one year low of $22.51 and a one year high of $39.85.

Wall Street Analysts Forecast Growth

HZO has been the subject of several research reports. StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. DA Davidson lifted their price target on MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Benchmark assumed coverage on MarineMax in a research note on Tuesday, October 15th. They set a “buy” rating and a $40.00 price target for the company. Stifel Nicolaus lifted their price target on MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, B. Riley cut their price target on MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, MarineMax presently has an average rating of “Moderate Buy” and a consensus target price of $41.83.

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.