Equities analysts forecast that MarineMax Inc (NYSE:HZO) will announce $289.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for MarineMax’s earnings, with the lowest sales estimate coming in at $284.80 million and the highest estimate coming in at $293.10 million. MarineMax reported sales of $270.61 million during the same quarter last year, which indicates a positive year over year growth rate of 7.1%. The business is expected to announce its next earnings report on Thursday, April 25th.
On average, analysts expect that MarineMax will report full year sales of $1.25 billion for the current financial year, with estimates ranging from $1.24 billion to $1.26 billion. For the next financial year, analysts anticipate that the business will report sales of $1.31 billion, with estimates ranging from $1.30 billion to $1.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for MarineMax.
MarineMax (NYSE:HZO) last released its quarterly earnings results on Wednesday, January 23rd. The specialty retailer reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. MarineMax had a return on equity of 11.47% and a net margin of 3.38%. The company had revenue of $241.90 million for the quarter, compared to analyst estimates of $252.03 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year.
NYSE HZO traded down $0.21 during mid-day trading on Friday, hitting $18.97. The stock had a trading volume of 1,776 shares, compared to its average volume of 289,985. MarineMax has a twelve month low of $16.40 and a twelve month high of $26.11. The company has a market cap of $433.63 million, a P/E ratio of 11.20 and a beta of 0.90.
In other MarineMax news, CEO W Brett Mcgill sold 5,061 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $20.03, for a total transaction of $101,371.83. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HZO. Investors Research Corp boosted its position in MarineMax by 1.7% during the fourth quarter. Investors Research Corp now owns 41,475 shares of the specialty retailer’s stock worth $759,000 after purchasing an additional 700 shares in the last quarter. Texas Permanent School Fund boosted its position in MarineMax by 5.6% during the 4th quarter. Texas Permanent School Fund now owns 14,957 shares of the specialty retailer’s stock valued at $274,000 after buying an additional 792 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in MarineMax by 118.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,534 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 831 shares during the period. Coe Capital Management LLC boosted its position in MarineMax by 1.9% during the 3rd quarter. Coe Capital Management LLC now owns 49,270 shares of the specialty retailer’s stock valued at $1,047,000 after buying an additional 935 shares during the period. Finally, Victory Capital Management Inc. boosted its position in MarineMax by 1.2% during the 4th quarter. Victory Capital Management Inc. now owns 100,350 shares of the specialty retailer’s stock valued at $1,837,000 after buying an additional 1,222 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.
MarineMax Company Profile
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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