MarineMax (NYSE:HZO) Releases FY 2024 Earnings Guidance

MarineMax (NYSE:HZO) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.200-3.200 for the period, compared to the consensus estimate of 3.350. The company issued revenue guidance of -. MarineMax also updated its FY24 guidance to $2.20-3.20 EPS.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus cut their target price on MarineMax from $37.00 to $35.00 and set a buy rating on the stock in a research report on Friday. Truist Financial cut their price target on MarineMax from $40.00 to $35.00 and set a buy rating on the stock in a research report on Friday. StockNews.com downgraded MarineMax from a hold rating to a sell rating in a research report on Saturday, January 27th. Finally, DA Davidson reaffirmed a buy rating and set a $34.00 price target on shares of MarineMax in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $35.40.

MarineMax Price Performance

Shares of NYSE:HZO traded down $0.23 during trading on Friday, reaching $25.37. 455,253 shares of the company’s stock traded hands, compared to its average volume of 332,555. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $42.88. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 0.41. The firm has a market cap of $565.75 million, a PE ratio of 6.31 and a beta of 1.69. The company has a 50-day simple moving average of $30.32 and a 200-day simple moving average of $31.48.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). The company had revenue of $582.90 million during the quarter, compared to analysts’ expectations of $590.19 million. MarineMax had a net margin of 3.75% and a return on equity of 10.44%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. As a group, analysts predict that MarineMax will post 3.33 earnings per share for the current year.

Insider Activity at MarineMax

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

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.