$261.38 Million in Sales Expected for MarineMax Inc (HZO) This Quarter

Wall Street brokerages expect MarineMax Inc (NYSE:HZO) to report sales of $261.38 million for the current quarter, according to Zacks. Six analysts have provided estimates for MarineMax’s earnings, with the highest sales estimate coming in at $267.10 million and the lowest estimate coming in at $255.00 million. MarineMax reported sales of $245.02 million in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The company is expected to report its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that MarineMax will report full-year sales of $261.38 million for the current fiscal year, with estimates ranging from $1.12 billion to $1.16 billion. For the next year, analysts expect that the firm will post sales of $1.22 billion per share, with estimates ranging from $1.19 billion to $1.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for MarineMax.

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MarineMax (NYSE:HZO) last issued its quarterly earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.24. The company had revenue of $236.92 million for the quarter, compared to analysts’ expectations of $231.75 million. MarineMax had a return on equity of 8.63% and a net margin of 2.36%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS.

A number of equities analysts recently issued reports on the company. TheStreet cut MarineMax from a “b” rating to a “c+” rating in a report on Friday, January 5th. B. Riley restated a “buy” rating and issued a $22.00 target price on shares of MarineMax in a report on Monday, January 22nd. Northcoast Research set a $26.00 target price on MarineMax and gave the stock a “buy” rating in a report on Wednesday, January 24th. CL King upgraded MarineMax from a “neutral” rating to a “buy” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research cut MarineMax from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.00.

In other news, Chairman William H. Mcgill, Jr. sold 50,000 shares of MarineMax stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $23.60, for a total transaction of $1,180,000.00. Following the transaction, the chairman now owns 231,742 shares in the company, valued at $5,469,111.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Allen Watters sold 2,500 shares of MarineMax stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $53,000.00. The disclosure for this sale can be found here. Insiders sold a total of 67,500 shares of company stock worth $1,566,400 over the last 90 days. Insiders own 4.40% of the company’s stock.

Several hedge funds have recently modified their holdings of HZO. Carillon Tower Advisers Inc. purchased a new position in shares of MarineMax during the fourth quarter valued at $33,908,000. Impala Asset Management LLC grew its holdings in shares of MarineMax by 23.1% during the third quarter. Impala Asset Management LLC now owns 2,209,749 shares of the specialty retailer’s stock valued at $36,571,000 after buying an additional 413,990 shares in the last quarter. Thomson Horstmann & Bryant Inc. grew its holdings in shares of MarineMax by 57.1% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 617,054 shares of the specialty retailer’s stock valued at $11,662,000 after buying an additional 224,397 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of MarineMax by 14.9% during the fourth quarter. Macquarie Group Ltd. now owns 1,361,778 shares of the specialty retailer’s stock valued at $25,738,000 after buying an additional 176,561 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in shares of MarineMax by 116.9% during the fourth quarter. Royce & Associates LP now owns 287,600 shares of the specialty retailer’s stock valued at $5,436,000 after buying an additional 155,000 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

MarineMax (NYSE HZO) opened at $19.30 on Monday. The stock has a market capitalization of $512.93, a price-to-earnings ratio of 17.08, a P/E/G ratio of 0.43 and a beta of 1.04. MarineMax has a 1-year low of $13.80 and a 1-year high of $24.30.

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MarineMax Company Profile

MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.

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Earnings History and Estimates for MarineMax (NYSE:HZO)

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