Equities research analysts forecast that Marine Products Corp. (NYSE:MPX) will report earnings of $0.21 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Marine Products’ earnings. The lowest EPS estimate is $0.19 and the highest is $0.23. Marine Products reported earnings of $0.26 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 19.2%. The company is expected to report its next quarterly earnings report on Wednesday, July 24th.

On average, analysts expect that Marine Products will report full-year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.80 to $0.81. For the next year, analysts expect that the business will post earnings of $0.89 per share, with EPS estimates ranging from $0.85 to $0.93. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Marine Products.

Marine Products (NYSE:MPX) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.05. Marine Products had a net margin of 9.32% and a return on equity of 36.92%. The firm had revenue of $83.05 million for the quarter, compared to analyst estimates of $73.18 million.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Marine Products from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Ifs Securities reiterated an “outperform” rating on shares of Marine Products in a report on Thursday, April 25th. B. Riley set a $15.00 price objective on shares of Marine Products and gave the company a “hold” rating in a report on Wednesday, April 17th. Finally, ValuEngine upgraded shares of Marine Products from a “sell” rating to a “hold” rating in a report on Monday, April 1st.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc raised its holdings in shares of Marine Products by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 374,236 shares of the company’s stock worth $8,566,000 after acquiring an additional 1,159 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Marine Products by 1.1% in the 1st quarter. Northern Trust Corp now owns 119,222 shares of the company’s stock worth $1,606,000 after acquiring an additional 1,323 shares during the last quarter. Algert Global LLC raised its holdings in shares of Marine Products by 13.8% in the 4th quarter. Algert Global LLC now owns 17,485 shares of the company’s stock worth $296,000 after acquiring an additional 2,120 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Marine Products by 16.9% in the 1st quarter. Raymond James & Associates now owns 22,439 shares of the company’s stock worth $302,000 after acquiring an additional 3,239 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Marine Products by 17.5% in the 1st quarter. Wells Fargo & Company MN now owns 24,188 shares of the company’s stock worth $326,000 after acquiring an additional 3,596 shares during the last quarter. Institutional investors own 14.65% of the company’s stock.

Shares of NYSE MPX opened at $13.84 on Friday. Marine Products has a 1-year low of $12.48 and a 1-year high of $24.82. The stock has a market cap of $489.01 million, a PE ratio of 16.67 and a beta of 0.41.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a $0.12 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.47%. Marine Products’s dividend payout ratio is presently 57.83%.

About Marine Products

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. The company provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex jet boats and the Surf Series, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats.

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