MarineMax, Inc. (NYSE:HZO) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.10-1.20 for the period, compared to the Thomson Reuters consensus estimate of $1.13.
A number of brokerages have recently commented on HZO. B. Riley reissued a buy rating and set a $19.75 price objective on shares of MarineMax in a report on Thursday, October 26th. Forward View lowered MarineMax from a buy rating to a hold rating in a report on Monday. Citigroup Inc. increased their price objective on MarineMax from $18.00 to $20.00 and gave the company a buy rating in a report on Monday, October 2nd. BidaskClub lowered MarineMax from a hold rating to a sell rating in a report on Tuesday, July 25th. Finally, Ifs Securities reissued a strong-buy rating and set a $20.00 price objective on shares of MarineMax in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $21.79.
Shares of MarineMax, Inc. (NYSE:HZO) traded up 21.875% during mid-day trading on Tuesday, reaching $18.525. The company had a trading volume of 933,408 shares. The firm’s 50-day moving average is $16.36 and its 200 day moving average is $17.53. The company has a market capitalization of $449.71 million, a price-to-earnings ratio of 18.525 and a beta of 0.97. MarineMax, Inc. has a 12 month low of $13.80 and a 12 month high of $23.65.
MarineMax (NYSE:HZO) last announced its quarterly earnings results on Monday, October 30th. The specialty retailer reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $250.62 million for the quarter, compared to the consensus estimate of $231.96 million. MarineMax had a return on equity of 7.53% and a net margin of 2.45%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, equities research analysts predict that MarineMax, Inc. will post $0.89 earnings per share for the current year.
MarineMax declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 2nd that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Hilliard M. Eure sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $16.00, for a total value of $40,000.00. Following the transaction, the director now owns 14,000 shares of the company’s stock, valued at $224,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dean S. Woodman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $15.00, for a total value of $45,000.00. Following the completion of the transaction, the director now directly owns 15,193 shares in the company, valued at approximately $227,895. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,500 shares of company stock worth $167,500. Company insiders own 5.00% of the company’s stock.
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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