MarineMax (NYSE:HZO) Issues Quarterly Earnings Results, Misses Estimates By $0.67 EPS

Key Points

• MarineMax reported earnings of $0.49 per share, missing analysts' expectations by $0.67 per share, with a negative net margin of 1.15%.
• The company's revenue for the quarter was $657.16 million, down 13.3% compared to the same quarter last year.
• Following the earnings report, MarineMax's stock rose 1.4% to $23.02, while analysts have varying ratings, indicating a consensus rating of "Moderate Buy."

MarineMax (NYSE:HZO - Get Free Report) released its earnings results on Thursday. The specialty retailer reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.67), Zacks reports. The company had revenue of $657.16 million during the quarter, compared to analysts' expectations of $737.82 million. MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. The firm's revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 earnings per share. MarineMax updated its FY 2025 guidance to 0.450-0.950 EPS.

MarineMax Stock Up 1.4%

NYSE:HZO traded up $0.31 during mid-day trading on Friday, hitting $23.02. 698,194 shares of the company's stock traded hands, compared to its average volume of 320,348. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.31 and a current ratio of 1.21. The company has a fifty day moving average of $24.51 and a 200 day moving average of $24.45. The company has a market capitalization of $494.20 million, a P/E ratio of -17.18 and a beta of 1.60. MarineMax has a twelve month low of $16.85 and a twelve month high of $38.20.

Wall Street Analyst Weigh In

HZO has been the subject of a number of research reports. Truist Financial cut their price target on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wall Street Zen downgraded MarineMax from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Citigroup reaffirmed a "buy" rating and issued a $32.00 price target (up from $29.00) on shares of MarineMax in a research note on Monday, June 16th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in MarineMax by 6.9% in the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 buying an additional 546 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of MarineMax in the first quarter valued at $168,000. Finally, Goldman Sachs Group Inc. grew its stake in 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 in the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

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.

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