MarineMax Inc (HZO) Expected to Post Earnings of $0.16 Per Share

Wall Street brokerages expect MarineMax Inc (NYSE:HZO) to report $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for MarineMax’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.19. MarineMax posted earnings of $0.11 per share in the same quarter last year, which would indicate a positive year over year growth rate of 45.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that MarineMax will report full-year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.37 to $1.70. For the next year, analysts anticipate that the business will report earnings of $1.69 per share, with EPS estimates ranging from $1.56 to $1.95. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover MarineMax.

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MarineMax (NYSE:HZO) last posted its quarterly earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.24. The business had revenue of $236.92 million during the quarter, compared to analysts’ expectations of $231.75 million. MarineMax had a return on equity of 8.63% and a net margin of 2.36%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS.



HZO has been the subject of several recent analyst reports. Zacks Investment Research raised MarineMax from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, January 24th. CL King raised MarineMax from a “neutral” rating to a “buy” rating in a report on Thursday, January 25th. Northcoast Research set a $26.00 price target on MarineMax and gave the company a “buy” rating in a report on Wednesday, January 24th. B. Riley reissued a “buy” rating and issued a $22.00 price target on shares of MarineMax in a report on Monday, January 22nd. Finally, TheStreet cut MarineMax from a “b” rating to a “c+” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $22.00.

Shares of HZO traded down $0.20 during mid-day trading on Tuesday, hitting $18.60. The company’s stock had a trading volume of 216,736 shares, compared to its average volume of 246,306. The stock has a market capitalization of $499.64, a P/E ratio of 18.60, a P/E/G ratio of 0.42 and a beta of 1.06. MarineMax has a 1-year low of $13.80 and a 1-year high of $24.30.

In related news, EVP Paulee C. Day sold 5,000 shares of MarineMax stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $24.16, for a total transaction of $120,800.00. Following the completion of the transaction, the executive vice president now directly owns 29,675 shares of the company’s stock, valued at $716,948. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman William H. Mcgill, Jr. sold 50,000 shares of MarineMax stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $23.60, for a total value of $1,180,000.00. Following the transaction, the chairman now directly owns 231,742 shares of the company’s stock, valued at $5,469,111.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,500 shares of company stock valued at $1,566,400. 5.00% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of HZO. BNP Paribas Arbitrage SA raised its holdings in MarineMax by 69.3% during the third quarter. BNP Paribas Arbitrage SA now owns 12,442 shares of the specialty retailer’s stock worth $206,000 after purchasing an additional 5,094 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in MarineMax by 21.9% during the third quarter. Russell Investments Group Ltd. now owns 28,017 shares of the specialty retailer’s stock worth $464,000 after purchasing an additional 5,037 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in MarineMax by 6.3% during the third quarter. Ameriprise Financial Inc. now owns 222,990 shares of the specialty retailer’s stock worth $3,690,000 after purchasing an additional 13,161 shares during the last quarter. Wells Fargo & Company MN raised its holdings in MarineMax by 11.4% during the third quarter. Wells Fargo & Company MN now owns 90,819 shares of the specialty retailer’s stock worth $1,504,000 after purchasing an additional 9,317 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in MarineMax by 4.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 118,179 shares of the specialty retailer’s stock worth $1,956,000 after purchasing an additional 5,258 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

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MarineMax Company Profile

MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.

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Earnings History and Estimates for MarineMax (NYSE:HZO)

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