MarineMax (NYSE:HZO) Issues Earnings Results, Misses Estimates By $0.09 EPS

MarineMax (NYSE:HZO) issued its earnings results on Thursday. The specialty retailer reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.09), FiscalAI reports. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. The company had revenue of $505.18 million during the quarter, compared to analyst estimates of $481.67 million. During the same quarter in the previous year, the company posted $0.17 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis.

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

• Delivered nearly 11% same-store sales growth in Q1 driven by higher average unit selling prices and strong demand for premium/larger products (led by a strong Fort Lauderdale show).
• Retail boat gross margins are under significant pressure—roughly 400 basis points below normal—and management expects margin weakness to persist through fiscal Q2 with only modest recovery in the back half.
• Reduced inventory by nearly $170 million year-over-year, is targeting inventory turns above 2x, and finished the quarter with a strong liquidity position (~$165 million cash) and net debt just over 2x Adjusted EBITDA.
• Reaffirmed fiscal 2026 guidance of Adjusted EBITDA $110–$125 million and adjusted EPS $0.40–$0.95, assuming industry units flat to slightly up and same-store sales flat to slightly positive.

MarineMax Price Performance

MarineMax stock opened at $24.66 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.32 and a current ratio of 1.20. MarineMax has a one year low of $16.85 and a one year high of $31.51. The company has a market cap of $543.15 million, a P/E ratio of -15.91 and a beta of 1.65. The business has a fifty day moving average of $25.56 and a two-hundred day moving average of $25.26.

Key Stories Impacting MarineMax

Here are the key news stories impacting MarineMax this week:

• Positive Sentiment: Revenue beat and retail strength — MarineMax reported Q1 revenue of $505.2M (above consensus) and same‑store sales rose over 10%, signaling durable consumer demand; inventories fell ~$167M year‑over‑year, improving working capital. Business Wire: Q1 Results
• Neutral Sentiment: Earnings materials posted — The company published its Q1 earnings presentation and call transcript for investor review (useful for digging into margin drivers and outlook). Seeking Alpha: Q1 Presentation
• Neutral Sentiment: Call transcript and analyst summaries available — Full Q1 call transcript and analyst/press writeups summarize management commentary on promotions, margins and inventory. Useful to judge whether margin hits are temporary. Seeking Alpha: Call Transcript
• Negative Sentiment: EPS missed and company reported a loss — Q1 EPS was ($0.21) vs. consensus ($0.12), a sizable miss that erased some confidence despite the revenue beat. Zacks: Q1 Loss, Revenue Beat
• Negative Sentiment: Margin pressure from promotions — Management and analysts flagged promotional activity that compressed gross and net margins; commentary suggests margin recovery may take time. Seeking Alpha: Promotions Weigh on Margins
• Negative Sentiment: FY‑2026 EPS guidance trimmed/wide range — Management set FY‑2026 EPS guidance at $0.40–$0.95 versus a consensus of ~$0.72; the low-end and wide range increase uncertainty and drove investor caution.
• Negative Sentiment: Market reaction and coverage — Multiple outlets note shares falling after the print and call as the EPS miss and weak guidance overshadow the revenue beat. Yahoo Finance: Why HZO Is Falling

Institutional Investors Weigh In On MarineMax

Several institutional investors have recently modified their holdings of HZO. Russell Investments Group Ltd. raised its holdings in MarineMax by 93.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 808 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MarineMax by 129.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 2,996 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of MarineMax in the first quarter worth approximately $168,000. Rafferty Asset Management LLC purchased a new stake in MarineMax in the second quarter valued at approximately $235,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of MarineMax by 263.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,521 shares of the specialty retailer’s stock worth $239,000 after buying an additional 6,902 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Wall Street Analyst Weigh In

HZO has been the topic of a number of research analyst reports. Zacks Research upgraded MarineMax from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Truist Financial lifted their target price on shares of MarineMax from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Loop Capital started coverage on shares of MarineMax in a research note on Monday, December 22nd. They set a “buy” rating and a $29.00 price target for the company. Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Wednesday, January 14th. Finally, Wall Street Zen raised MarineMax from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

About MarineMax

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.