$0.14 Earnings Per Share Expected for MarineMax Inc (HZO) This Quarter

Brokerages expect MarineMax Inc (NYSE:HZO) to announce $0.14 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for MarineMax’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.20. MarineMax reported earnings of $0.23 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 39.1%. The business is expected to issue its next earnings results on Wednesday, January 23rd.

On average, analysts expect that MarineMax will report full year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.97. For the next year, analysts anticipate that the firm will post earnings of $2.11 per share, with EPS estimates ranging from $1.98 to $2.17. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow MarineMax.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.22. MarineMax had a net margin of 3.34% and a return on equity of 11.97%. The company had revenue of $308.59 million during the quarter, compared to analysts’ expectations of $273.60 million. During the same quarter in the prior year, the company earned $0.22 EPS. MarineMax’s revenue was up 23.1% compared to the same quarter last year.

HZO has been the subject of several research reports. Raymond James upped their price objective on shares of MarineMax from $24.00 to $28.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 31st. Wedbush upped their price objective on shares of MarineMax from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Craig Hallum set a $22.00 price objective on shares of MarineMax and gave the company a “hold” rating in a research note on Tuesday, October 30th. B. Riley upped their price objective on shares of MarineMax to $30.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, ValuEngine raised shares of MarineMax from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.00.

In other news, Director Joseph Allen Watters sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $21.17, for a total value of $52,925.00. Following the transaction, the director now directly owns 62,413 shares in the company, valued at approximately $1,321,283.21. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William H. Mcgill, Jr. sold 8,525 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $26.06, for a total transaction of $222,161.50. Following the completion of the transaction, the insider now owns 269,515 shares in the company, valued at $7,023,560.90. The disclosure for this sale can be found here. In the last three months, insiders sold 145,300 shares of company stock valued at $3,545,513. Corporate insiders own 4.40% of the company’s stock.

Several hedge funds have recently modified their holdings of HZO. American International Group Inc. lifted its stake in shares of MarineMax by 20.4% in the third quarter. American International Group Inc. now owns 20,016 shares of the specialty retailer’s stock valued at $425,000 after purchasing an additional 3,397 shares during the period. Schwab Charles Investment Management Inc. increased its stake in MarineMax by 3.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 114,694 shares of the specialty retailer’s stock valued at $2,174,000 after purchasing an additional 3,576 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in MarineMax by 12.3% during the second quarter. Janney Montgomery Scott LLC now owns 33,984 shares of the specialty retailer’s stock valued at $644,000 after purchasing an additional 3,722 shares during the last quarter. Teachers Advisors LLC increased its stake in MarineMax by 9.0% during the third quarter. Teachers Advisors LLC now owns 54,614 shares of the specialty retailer’s stock valued at $1,161,000 after purchasing an additional 4,532 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in MarineMax during the third quarter valued at $105,000. Hedge funds and other institutional investors own 91.21% of the company’s stock.

NYSE HZO traded up $0.56 during trading hours on Monday, hitting $21.79. 3,319 shares of the company’s stock traded hands, compared to its average volume of 399,252. MarineMax has a 52-week low of $16.40 and a 52-week high of $26.11. The stock has a market cap of $579.20 million, a PE ratio of 12.79 and a beta of 0.91.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.

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