Shares of Marine Products Corp. (NYSE:MPX) have been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Brokers have set a one year consensus price target of $13.00 for the company and are anticipating that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Marine Products an industry rank of 15 out of 265 based on the ratings given to its competitors.
Several equities analysts have issued reports on MPX shares. Zacks Investment Research raised shares of Marine Products from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, September 26th. B. Riley reissued a “hold” rating and issued a $13.00 price target (up from $12.00) on shares of Marine Products in a research note on Thursday, October 26th. Finally, Ifs Securities reissued a “market perform” rating on shares of Marine Products in a research note on Thursday, September 7th.
Marine Products (NYSE MPX) traded down $0.26 on Friday, reaching $14.77. 23,058 shares of the company’s stock traded hands, compared to its average volume of 35,038. The stock has a market capitalization of $532.43, a P/E ratio of 27.34 and a beta of 0.30. Marine Products has a fifty-two week low of $9.88 and a fifty-two week high of $17.12.
Marine Products (NYSE:MPX) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The company had revenue of $59.20 million for the quarter, compared to analysts’ expectations of $67.86 million. Marine Products had a net margin of 7.59% and a return on equity of 28.42%. analysts forecast that Marine Products will post 0.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 10th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Thursday, November 9th. Marine Products’s dividend payout ratio is currently 50.00%.
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About Marine Products
Marine Products Corporation manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.
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