MarineMax (HZO) to Release Quarterly Earnings on Thursday

MarineMax (NYSE:HZO - Get Free Report) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. MarineMax has set its FY24 guidance at $3.20-3.70 EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

MarineMax (NYSE:HZO - Get Free Report) last announced its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.37). MarineMax had a net margin of 3.75% and a return on equity of 10.44%. The business had revenue of $527.30 million for the quarter, compared to analysts' expectations of $524.76 million. During the same period in the prior year, the business earned $1.24 earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts expect MarineMax to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MarineMax Stock Performance

Shares of MarineMax stock traded up $1.35 during trading hours on Friday, hitting $28.03. 445,437 shares of the company's stock traded hands, compared to its average volume of 310,807. MarineMax has a 12-month low of $25.60 and a 12-month high of $42.88. The stock has a market capitalization of $625.07 million, a price-to-earnings ratio of 6.94 and a beta of 1.69. The company has a fifty day simple moving average of $30.69 and a 200-day simple moving average of $31.62. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.28 and a quick ratio of 0.35.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HZO. Truist Financial raised their target price on MarineMax from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, January 9th. StockNews.com lowered MarineMax from a "hold" rating to a "sell" rating in a report on Saturday, January 27th. Finally, DA Davidson reissued a "buy" rating and issued a $34.00 price objective on shares of MarineMax in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, MarineMax presently has an average rating of "Moderate Buy" and an average price target of $39.00.

Insider Buying and Selling

In related news, Director Clint Moore sold 4,000 shares of MarineMax stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the sale, the director now owns 20,544 shares of the company's stock, valued at approximately $639,329.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MarineMax news, EVP Charles A. Cashman sold 7,500 shares of the firm's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $29.76, for a total value of $223,200.00. Following the completion of the transaction, the executive vice president now owns 63,981 shares in the company, valued at approximately $1,904,074.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Clint Moore sold 4,000 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the transaction, the director now owns 20,544 shares of the company's stock, valued at approximately $639,329.28. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake in MarineMax by 149.0% in the 1st quarter. US Bancorp DE now owns 757 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 453 shares during the period. Amundi bought a new stake in shares of MarineMax during the 4th quarter valued at about $46,000. Comerica Bank bought a new stake in shares of MarineMax during the 2nd quarter valued at about $600,000. Captrust Financial Advisors boosted its position in shares of MarineMax by 38.9% during the 1st quarter. Captrust Financial Advisors now owns 2,656 shares of the specialty retailer's stock valued at $107,000 after acquiring an additional 744 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of MarineMax by 15.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,260 shares of the specialty retailer's stock valued at $133,000 after acquiring an additional 581 shares during the last quarter. 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.