MarineMax (NYSE:HZO) Issues Earnings Results

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) announced its quarterly earnings data on Thursday. The specialty retailer reported $0.49 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.67), Zacks reports. MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. The firm had revenue of $657.16 million for the quarter, compared to analyst estimates of $737.82 million. During the same quarter in the prior year, the firm earned $1.51 earnings per share. The firm's revenue for the quarter was down 13.3% on a year-over-year basis. MarineMax updated its FY 2025 guidance to 0.450-0.950 EPS.

MarineMax Trading Up 1.6%

NYSE HZO traded up $0.35 on Wednesday, reaching $22.88. The company had a trading volume of 93,528 shares, compared to its average volume of 342,247. The firm has a market cap of $491.00 million, a price-to-earnings ratio of -17.05 and a beta of 1.60. MarineMax has a fifty-two week low of $16.85 and a fifty-two week high of $37.86. The business has a 50 day moving average of $24.48 and a two-hundred day moving average of $24.39. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29.

Institutional Trading of MarineMax

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings 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 acquiring an additional 142,775 shares during the period. Royal Bank of Canada grew its holdings in MarineMax by 6.9% during the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer's stock worth $3,027,000 after acquiring an additional 9,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 during the period. Finally, Jones Financial Companies Lllp acquired a new stake in MarineMax during the 1st quarter worth about $168,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday. Citigroup restated a "buy" rating and set a $32.00 price objective (up from $29.00) on shares of MarineMax in a research report on Monday, June 16th. Truist Financial lowered their price objective on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, B. Riley restated a "buy" rating on shares of MarineMax in a research report on Friday. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.25.

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.