MarineMax (NYSE:HZO) Updates FY 2024 Earnings Guidance

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com downgraded MarineMax from a hold rating to a sell rating in a research note on Saturday, January 27th. DA Davidson reissued a buy rating and issued a $34.00 price target on shares of MarineMax in a research note on Friday, March 15th. Finally, Truist Financial lifted their price target on MarineMax from $40.00 to $45.00 and gave the company a buy rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $39.00.

MarineMax Price Performance

Shares of NYSE HZO opened at $27.18 on Thursday. The stock has a market capitalization of $606.11 million, a price-to-earnings ratio of 6.73 and a beta of 1.69. The business has a 50-day moving average of $30.45 and a 200-day moving average of $31.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.28 and a quick ratio of 0.35. MarineMax has a fifty-two week low of $25.60 and a fifty-two week high of $42.88.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.37). The company had revenue of $527.30 million during the quarter, compared to the consensus estimate of $524.76 million. MarineMax had a net margin of 3.75% and a return on equity of 10.44%. MarineMax’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. As a group, sell-side analysts predict that MarineMax will post 3.33 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 in the company, valued at approximately $639,329.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Charles A. Cashman sold 7,500 shares of MarineMax stock in a transaction dated 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 owns 63,981 shares in the company, valued at $1,904,074.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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 owned by corporate insiders.

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.