MarineMax (NYSE:HZO) Releases FY 2025 Earnings Guidance

MarineMax (NYSE:HZO - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.450-0.950 for the period, compared to the consensus estimate of 1.889. The company issued revenue guidance of -.

MarineMax Stock Down 1.1%

Shares of HZO stock traded down $0.26 during trading on Monday, reaching $22.75. The company's stock had a trading volume of 136,732 shares, compared to its average volume of 340,189. The company has a market cap of $488.51 million, a price-to-earnings ratio of -16.93 and a beta of 1.60. MarineMax has a one year low of $16.85 and a one year high of $38.20. The business has a fifty day moving average price of $24.51 and a 200-day moving average price of $24.43. The company has a quick ratio of 0.29, a current ratio of 1.21 and a debt-to-equity ratio of 0.38.

MarineMax (NYSE:HZO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.67). MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%. The business had revenue of $657.16 million for the quarter, compared to the consensus estimate of $737.82 million. During the same period in the prior year, the business posted $1.51 earnings per share. MarineMax's revenue was down 13.3% compared to the same quarter last year. Analysts anticipate that MarineMax will post 2.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. B. Riley restated a "buy" rating on shares of MarineMax in a research note on Friday. Truist Financial cut their price objective on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Citigroup reissued a "buy" rating and issued a $32.00 price target (up from $29.00) on shares of MarineMax in a report on Monday, June 16th. Finally, Wall Street Zen cut MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.25.

Hedge Funds Weigh In On MarineMax

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of MarineMax by 69.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer's stock worth $7,496,000 after purchasing an additional 142,775 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of MarineMax by 6.9% in the first quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer's stock valued at $3,027,000 after purchasing an additional 9,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of MarineMax by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer's stock valued at $278,000 after purchasing an additional 546 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in MarineMax during the first quarter worth about $168,000. Institutional investors own 92.85% of the company's stock.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.