MarineMax (NYSE:HZO) Issues FY 2025 Earnings Guidance

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

MarineMax Trading Up 1.4%

Shares of MarineMax stock traded up $0.31 during mid-day trading on Friday, hitting $23.02. The stock had a trading volume of 698,194 shares, compared to its average volume of 320,348. The firm has a 50-day moving average of $24.51 and a two-hundred day moving average of $24.45. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.38. MarineMax has a 12-month low of $16.85 and a 12-month high of $38.20. The firm has a market cap of $494.20 million, a P/E ratio of -17.18 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

HZO has been the topic of a number of research reports. Citigroup reiterated a "buy" rating and set a $32.00 target price (up from $29.00) on shares of MarineMax in a report on Monday, June 16th. Wall Street Zen lowered shares of MarineMax from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Truist Financial reduced 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. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.25.

Institutional Investors Weigh In On MarineMax

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer's stock worth $278,000 after acquiring an additional 546 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of MarineMax in the first quarter valued at about $168,000. Royal Bank of Canada boosted 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 acquiring an additional 9,050 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of MarineMax by 69.3% in the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer's stock valued at $7,496,000 after purchasing an additional 142,775 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

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.