MarineMax (NYSE:HZO) Issues Earnings Results, Misses Estimates By $0.01 EPS

Posted by Stanley Muller on Jul 25th, 2026

MarineMax (NYSE:HZO – Get Free Report) released its quarterly earnings data on Thursday. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01), Zacks reports. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The company had revenue of $611.26 million for the quarter, compared to analysts’ expectations of $682.29 million. During the same quarter in the previous year, the business posted ($2.42) EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis. MarineMax updated its FY 2026 guidance to 0.400-0.950 EPS.

Here are the key takeaways from MarineMax’s conference call:

MarineMax said fiscal Q3 gross margin expanded 530 basis points to 35.7%, driven by better boat margins, a stronger mix of higher-margin businesses, and disciplined inventory management.
Revenue fell to $611 million and same-store sales declined 7%, reflecting continued softness in boat sales and a challenging retail environment across the industry.
The company highlighted stronger performance from its recurring, higher-margin businesses, including parts and service, finance and insurance, marina operations, Superyacht, and Newcoast Financial Services.
MarineMax completed a refinancing of all term debt on improved terms, extending maturities to 2031 and boosting financial flexibility as it pursues selective growth opportunities.
Management reaffirmed full-year fiscal 2026 guidance for adjusted EBITDA of $110 million to $125 million and adjusted EPS of $0.40 to $0.95, while lowering expectations for industry unit volumes and same-store sales as market conditions remain uneven.

MarineMax Price Performance

Shares of NYSE:HZO opened at $36.39 on Friday. The stock has a fifty day moving average of $34.59 and a 200-day moving average of $30.63. The company has a market capitalization of $801.69 million, a PE ratio of 259.94 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.32 and a current ratio of 1.23. MarineMax has a one year low of $21.41 and a one year high of $38.14.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. B. Riley Financial downgraded shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Tuesday. Northcoast Research set a $39.00 price objective on shares of MarineMax in a research note on Friday. Finally, Truist Financial raised their price target on shares of MarineMax from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.40.

Read Our Latest Report on MarineMax

Trending Headlines about MarineMax

Here are the key news stories impacting MarineMax this week:

Positive Sentiment: Reuters reported that Blackstone and Donerail are among the final bidders for MarineMax as the company explores a sale. Potential acquisition interest can lift shares on the chance of a premium buyout offer. Reuters article
Positive Sentiment: MarineMax’s fiscal third-quarter results showed improving profitability trends, with gross margin rising sharply to 35.7% thanks to better boat margins and growth in higher-margin businesses. Business Wire article
Neutral Sentiment: Management updated FY 2026 EPS guidance to $0.40-$0.95, which brackets Wall Street expectations and does not signal a major immediate surprise. Business Wire article
Neutral Sentiment: The company’s quarter still showed soft top-line performance, with revenue of $611.3 million below analyst expectations and down 7% year over year, suggesting demand remains uneven. Business Wire article
Negative Sentiment: Adjusted earnings of $0.81 per share only matched or slightly missed estimates, which may limit upside from the earnings report alone. Business Wire article

Hedge Funds Weigh In On MarineMax

Several large investors have recently made changes to their positions in HZO. State Street Corp grew its holdings in shares of MarineMax by 11.0% during the 4th quarter. State Street Corp now owns 953,009 shares of the specialty retailer’s stock worth $23,091,000 after purchasing an additional 94,356 shares in the last quarter. Invesco Ltd. increased its stake in MarineMax by 115.6% in the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after purchasing an additional 383,926 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in MarineMax by 22.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 592,471 shares of the specialty retailer’s stock worth $14,356,000 after buying an additional 109,241 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of MarineMax by 12.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 434,110 shares of the specialty retailer’s stock worth $10,518,000 after buying an additional 49,579 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in MarineMax by 6.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 150,922 shares of the specialty retailer’s stock valued at $3,657,000 after purchasing an additional 9,366 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Company Profile

(Get Free Report)

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.