MarineMax Inc (NYSE:HZO – Get Rating) is expected to release earnings data before market open Thursday, April 28. Analysts expect MarineMax to post earnings of $1.70 per share for the quarter. MarineMax has pegged its guidance for FY22 at EPS $7.60-8.00.
MarineMax Inc (NYSE:HZO – Get Rating) last announced its results on Thursday, January 27. The specialty retailer reported earnings per share of $1.59 for the quarter, beating the Zacks consensus estimate of $1.11 by $0.48. MarineMax had a net margin of 7.88% and a return on equity of 28.80%. The company posted revenue of $472.69 million in the quarter, compared to analyst estimates of $447.35 million. During the same period of the previous year, the company achieved EPS of $1.04. The company’s revenue for the quarter increased by 14.9% compared to the same quarter last year. On average, analysts expect MarineMax to post EPS of $8 for the current fiscal year and EPS of $8 for the next fiscal year.
Shares of NYSE:HZO opened at $38.57 on Friday. The company’s 50-day moving average price is $43.30 and its two-hundred-day moving average price is $49.18. The company has a debt ratio of 0.07, a current ratio of 1.57 and a quick ratio of 0.72. MarineMax has a one-year low of $37.27 and a one-year high of $70.89. The stock has a market capitalization of $845.42 million, a PE ratio of 5.27 and a beta of 1.73.
Several hedge funds have recently changed their holdings in the company. Sei Investments Co. increased its stake in MarineMax by 49.4% in Q4. Sei Investments Co. now owns 300,075 shares of the specialty retailer valued at $17,716,000 after acquiring an additional 99,219 shares during the period. The Public Employees Retirement System of Ohio increased its stake in MarineMax by 1,739.5% in Q4. The Ohio Public Employees Retirement System now owns 28,659 shares of the specialty retailer worth $1,692,000 after acquiring an additional 27,101 shares during the period. Morgan Stanley increased its stake in MarineMax by 17.5% in the second quarter. Morgan Stanley now owns 176,278 shares of the specialty retailer valued at $8,591,000 after acquiring an additional 26,268 shares during the period. UBS Group AG increased its stake in MarineMax by 62.1% in the third quarter. UBS Group AG now owns 35,533 shares of the specialty retailer valued at $1,724,000 after acquiring an additional 13,614 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in MarineMax by 59.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 34,096 shares of the specialty retailer valued at $2,013,000 after acquiring an additional 12,657 shares during the period. 99.13% of the shares are currently held by institutional investors.
HZO has been the subject of several analyst reports. StockNews.com launched coverage on MarineMax shares in a research report on Thursday, March 31. They set a “buy” rating on the stock. B. Riley raised his price target on MarineMax shares from $75.00 to $84.00 in a Friday, Jan. 28 research report. Raymond James raised his price target on MarineMax shares from $67.00 to $70.00 and gave the stock an “outperform” rating in a Friday, January 28 research report. Zacks Investment Research moved MarineMax shares from a “buy” rating to a “hold” rating in a Wednesday, March 30 research report. Finally, Truist Financial cut its price target on MarineMax shares from $62.00 to $54.00 in a Wednesday, January 26 research report. Two analysts rated the stock with a hold rating and three gave the company’s stock a buy rating. Based on data from MarketBeat, MarineMax currently has a consensus rating of “Buy” and an average target price of $60.40.
Marine Max Company Profile (Get a rating)
MarineMax, Inc operates as a pleasure boat and yacht retailer and superyacht service company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The Company sells new and used pleasure boats, including pleasure and fishing boats, mega-yachts, yachts, sports cruisers, motor yachts, pontoon boats, ski boats, jets and other pleasure craft.
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