MarineMax (NYSE:HZO) Posts Earnings Results, Misses Expectations By $0.12 EPS

MarineMax (NYSE:HZO) released its quarterly earnings results on Wednesday. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12), reports. MarineMax had a negative net margin of 0.38% and a positive return on equity of 1.41%. The company had revenue of $520.14 million during the quarter, compared to analysts’ expectations of $541.32 million. During the same period last year, the firm posted ($0.04) earnings per share. MarineMax’s revenue was down 5.8% on a year-over-year basis.

MarineMax Trading Down 0.0%

NYSE:HZO traded down $0.01 on Friday, reaching $52.72. 681,951 shares of the company’s stock were exchanged, compared to its average volume of 528,161. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -128.57 and a beta of 1.72. The business has a fifty day moving average of $52.39 and a 200-day moving average of $37.84. MarineMax has a 52-week low of $21.42 and a 52-week high of $52.89.

Analysts Set New Price Targets

A number of research firms recently weighed in on HZO. Benchmark cut shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. B. Riley Financial lowered MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Tuesday, July 21st. Northcoast Research cut MarineMax from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Truist Financial cut MarineMax from a “buy” rating to a “hold” rating and upped their price target for the stock from $39.00 to $53.00 in a research note on Wednesday, August 12th. Finally, Citigroup lowered MarineMax from a “buy” rating to a “neutral” rating and raised their price target for the stock from $41.00 to $53.00 in a research report on Friday, October 2nd. Eight equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.67.

MarineMax Company Profile

MarineMax, Inc is a recreational boat and yacht retailer based in Clearwater, Florida. The company sells new and pre-owned powerboats, sailboats, yachts and related marine products through a network of dealerships and brokerage operations.

In addition to boat sales, MarineMax provides maintenance, repair, storage, parts and other marina services. It also offers financing and insurance products through third-party relationships, as well as charter, yacht-management and boating-lifestyle services through its affiliated businesses.

MarineMax serves customers primarily in the United States, with operations concentrated in boating markets including Florida, the Northeast, the Midwest and other coastal and inland regions.