Press coverage about Marine Products Corporation (NYSE:MPX) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marine Products Corporation earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.3989749880885 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- MCBC Holdings (MCFT) versus Marine Products Corporation (MPX) Critical Review (americanbankingnews.com)
- Edited Transcript of MPX earnings conference call or presentation 25-Oct-17 12:00pm GMT (finance.yahoo.com)
- Analyzing Marine Products Corporation (MPX) & MCBC Holdings (MCFT) (americanbankingnews.com)
- Marine Products Corporation Announces Quarterly Dividend of $0.07 (MPX) (americanbankingnews.com)
- Marine Products Corporation (MPX) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS (americanbankingnews.com)
Marine Products Corporation (MPX) traded down 2.78% on Monday, hitting $13.97. 41,907 shares of the company’s stock were exchanged. Marine Products Corporation has a 52-week low of $9.28 and a 52-week high of $17.12. The stock has a market cap of $487.30 million, a P/E ratio of 26.11 and a beta of 0.32. The firm has a 50 day moving average price of $15.53 and a 200-day moving average price of $14.45.
Marine Products Corporation (NYSE:MPX) last announced its earnings results on Wednesday, October 25th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Marine Products Corporation had a net margin of 7.59% and a return on equity of 28.90%. The business had revenue of $59.20 million for the quarter, compared to the consensus estimate of $67.86 million. Analysts predict that Marine Products Corporation will post $0.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, November 9th. Marine Products Corporation’s dividend payout ratio (DPR) is presently 50.00%.
A number of research analysts have weighed in on MPX shares. Zacks Investment Research raised shares of Marine Products Corporation from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, September 26th. B. Riley reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of Marine Products Corporation in a research note on Wednesday, August 2nd. Ifs Securities reaffirmed a “market perform” rating on shares of Marine Products Corporation in a research note on Thursday, September 7th. BidaskClub lowered shares of Marine Products Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, ValuEngine raised shares of Marine Products Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Marine Products Corporation currently has an average rating of “Hold” and an average target price of $15.50.
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In other news, Director Pam R. Rollins purchased 6,070 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average price of $14.90 per share, for a total transaction of $90,443.00. Following the purchase, the director now directly owns 1,104 shares in the company, valued at approximately $16,449.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pam R. Rollins purchased 3,930 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of $15.14 per share, for a total transaction of $59,500.20. Following the purchase, the director now owns 10,000 shares in the company, valued at $151,400. The disclosure for this purchase can be found here. Insiders own 77.90% of the company’s stock.
About Marine Products Corporation
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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