Marine Products (MPX) Set to Announce Earnings on Thursday

Marine Products (NYSE:MPX - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Persons that wish to register for the company's earnings conference call can do so using this link.

Marine Products (NYSE:MPX - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). Marine Products had a return on equity of 28.84% and a net margin of 10.87%. The company had revenue of $70.87 million during the quarter. During the same period in the previous year, the business earned $0.35 EPS.

Marine Products Trading Up 1.7 %

NYSE MPX traded up $0.18 during trading on Thursday, hitting $10.88. The company had a trading volume of 41,956 shares, compared to its average volume of 52,414. Marine Products has a one year low of $9.18 and a one year high of $17.81. The company has a market cap of $377.32 million, a price-to-earnings ratio of 8.92 and a beta of 1.26. The company's fifty day moving average is $10.91 and its 200-day moving average is $11.06.

Marine Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 9th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.56 annualized dividend and a yield of 5.15%. Marine Products's dividend payout ratio (DPR) is presently 45.90%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its holdings in Marine Products by 9.5% in the 2nd quarter. Lazard Asset Management LLC now owns 7,881 shares of the company's stock worth $132,000 after purchasing an additional 682 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Marine Products by 3.3% in the 3rd quarter. Nuveen Asset Management LLC now owns 30,428 shares of the company's stock worth $257,000 after acquiring an additional 983 shares in the last quarter. Connors Investor Services Inc. increased its stake in shares of Marine Products by 5.5% in the 1st quarter. Connors Investor Services Inc. now owns 19,100 shares of the company's stock worth $221,000 after acquiring an additional 1,000 shares in the last quarter. BNP Paribas Arbitrage SNC increased its stake in shares of Marine Products by 20.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,734 shares of the company's stock worth $57,000 after acquiring an additional 1,139 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Marine Products by 0.9% in the 1st quarter. State Street Corp now owns 147,650 shares of the company's stock worth $1,948,000 after acquiring an additional 1,296 shares in the last quarter. 13.86% of the stock is currently owned by institutional investors.

About Marine Products

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.