Analysts Offer Predictions for MarineMax, Inc.’s Q1 2017 Earnings (HZO)
MarineMax, Inc. (NYSE:HZO) – Equities research analysts at Forward View dropped their Q1 2017 EPS estimates for MarineMax in a research report issued on Wednesday. Forward View analyst N. Yates now expects that the brokerage will post earnings per share of ($0.04) for the quarter, down from their previous forecast of ($0.03). Forward View currently has a “Buy” rating and a $25.00 price target on the stock. Forward View also issued estimates for MarineMax’s Q3 2017 earnings at $0.71 EPS, Q4 2017 earnings at $0.26 EPS and Q1 2018 earnings at ($0.05) EPS.
MarineMax (NYSE:HZO) last posted its earnings results on Tuesday, November 1st. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.03. MarineMax had a return on equity of 7.39% and a net margin of 2.44%. The firm had revenue of $227 million for the quarter, compared to analysts’ expectations of $222.10 million. During the same quarter last year, the company posted $0.22 EPS. The firm’s revenue was up 20.1% on a year-over-year basis.
Several other research firms have also commented on HZO. Zacks Investment Research upgraded MarineMax from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, September 28th. B. Riley reiterated a “buy” rating and issued a $22.50 price target on shares of MarineMax in a research report on Tuesday, November 1st. TheStreet upgraded MarineMax from a “hold” rating to a “buy” rating in a research report on Monday, December 12th. Finally, SunTrust Banks, Inc. set a $24.00 price target on MarineMax and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. MarineMax has an average rating of “Buy” and a consensus target price of $23.88.
MarineMax (NYSE:HZO) traded up 0.403% on Friday, hitting $18.675. The company’s stock had a trading volume of 80,394 shares. The firm has a market cap of $453.52 million, a price-to-earnings ratio of 20.522 and a beta of 1.03. The firm has a 50 day moving average of $19.58 and a 200 day moving average of $19.37. MarineMax has a 12 month low of $13.56 and a 12 month high of $22.05.
In other MarineMax news, Director Hilliard M. Eure sold 9,000 shares of the firm’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $20.09, for a total value of $180,810.00. Following the completion of the sale, the director now owns 14,000 shares of the company’s stock, valued at $281,260. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles A. Cashman sold 9,286 shares of the firm’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $18.66, for a total transaction of $173,276.76. Following the completion of the sale, the executive vice president now directly owns 6,712 shares of the company’s stock, valued at approximately $125,245.92. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in HZO. SG Americas Securities LLC purchased a new stake in shares of MarineMax during the third quarter valued at about $104,000. Municipal Employees Retirement System of Michigan increased its stake in shares of MarineMax by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,400 shares of the company’s stock valued at $113,000 after buying an additional 90 shares during the last quarter. BlackRock Inc. increased its stake in shares of MarineMax by 6.8% in the third quarter. BlackRock Inc. now owns 5,525 shares of the company’s stock valued at $116,000 after buying an additional 354 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of MarineMax by 97.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,555 shares of the company’s stock valued at $128,000 after buying an additional 3,733 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in shares of MarineMax by 506.9% in the second quarter. Riverhead Capital Management LLC now owns 11,682 shares of the company’s stock valued at $160,000 after buying an additional 9,757 shares during the last quarter. 94.75% of the stock is owned by institutional investors and hedge funds.
MarineMax, Inc is a recreational boat dealer in the United States. The Company engages in the retail sale, brokerage, and service of used boats, motors, trailers, marine parts and accessories and offers slip and storage accommodations in certain locations. It offers related boat financing, insurance and extended service contracts.
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