Analysts expect Marine Products Corp. (NYSE:MPX) to post earnings of $0.17 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Marine Products’ earnings, with estimates ranging from $0.16 to $0.17. Marine Products posted earnings of $0.22 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 22.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Marine Products will report full year earnings of $0.76 per share for the current financial year, with EPS estimates ranging from $0.75 to $0.76. For the next financial year, analysts anticipate that the company will post earnings of $0.86 per share, with EPS estimates ranging from $0.81 to $0.91. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Marine Products.
Marine Products (NYSE:MPX) last posted its quarterly earnings data on Wednesday, January 23rd. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The firm had revenue of $62.06 million during the quarter, compared to analysts’ expectations of $70.42 million. Marine Products had a net margin of 9.54% and a return on equity of 37.46%.
NYSE:MPX traded down $0.11 on Friday, reaching $13.47. The stock had a trading volume of 29,119 shares, compared to its average volume of 35,377. The stock has a market cap of $460.61 million, a P/E ratio of 16.23 and a beta of 0.38. Marine Products has a 12-month low of $12.48 and a 12-month high of $24.82.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were given a $0.12 dividend. This is a boost from Marine Products’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Friday, February 8th. Marine Products’s dividend payout ratio is presently 57.83%.
Large investors have recently bought and sold shares of the business. Strs Ohio boosted its position in Marine Products by 213.0% in the 4th quarter. Strs Ohio now owns 7,200 shares of the company’s stock valued at $121,000 after buying an additional 4,900 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Marine Products in the 4th quarter valued at about $193,000. Signaturefd LLC acquired a new stake in shares of Marine Products in the 3rd quarter valued at about $211,000. Navellier & Associates Inc raised its stake in shares of Marine Products by 11.8% in the 4th quarter. Navellier & Associates Inc now owns 14,647 shares of the company’s stock valued at $248,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Algert Global LLC raised its stake in shares of Marine Products by 13.8% in the 4th quarter. Algert Global LLC now owns 17,485 shares of the company’s stock valued at $296,000 after purchasing an additional 2,120 shares in the last quarter. 14.61% of the stock is owned by institutional investors.
About Marine Products
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. The company provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex jet boats and the Surf Series, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats.
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