Equities research analysts expect that MarineMax Inc (NYSE:HZO) will announce sales of $405.07 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for MarineMax’s earnings. The lowest sales estimate is $398.13 million and the highest is $416.60 million. MarineMax reported sales of $361.25 million during the same quarter last year, which indicates a positive year over year growth rate of 12.1%. The company is scheduled to report its next earnings report on Thursday, July 25th.
On average, analysts expect that MarineMax will report full-year sales of $1.27 billion for the current year, with estimates ranging from $1.27 billion to $1.28 billion. For the next year, analysts forecast that the firm will report sales of $1.35 billion, with estimates ranging from $1.32 billion to $1.36 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover MarineMax.
MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.08). MarineMax had a net margin of 3.22% and a return on equity of 10.93%. The firm had revenue of $303.59 million for the quarter, compared to the consensus estimate of $290.24 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year.
In other MarineMax news, CEO W Brett Mcgill sold 5,061 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.03, for a total value of $101,371.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in MarineMax by 118.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,534 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 831 shares in the last quarter. Cutler Group LP bought a new position in MarineMax in the 1st quarter worth $30,000. Manchester Capital Management LLC bought a new position in MarineMax in the 1st quarter worth $40,000. Quantamental Technologies LLC bought a new position in MarineMax in the 4th quarter worth $84,000. Finally, Cresset Asset Management LLC bought a new position in MarineMax in the 1st quarter worth $95,000. Institutional investors and hedge funds own 91.55% of the company’s stock.
NYSE:HZO traded down $0.26 during midday trading on Wednesday, reaching $16.62. 222,300 shares of the stock traded hands, compared to its average volume of 354,893. MarineMax has a 12 month low of $15.51 and a 12 month high of $26.11. The firm has a market capitalization of $460.67 million, a P/E ratio of 9.78 and a beta of 0.84.
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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