MarineMax Inc (HZO) Forecasted to Post Q2 2019 Earnings of $0.35 Per Share
MarineMax Inc (NYSE:HZO) – Research analysts at Northcoast Research issued their Q2 2019 EPS estimates for MarineMax in a note issued to investors on Thursday, March 14th. Northcoast Research analyst S. Woolf anticipates that the specialty retailer will earn $0.35 per share for the quarter. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for MarineMax’s Q3 2019 earnings at $0.95 EPS, Q4 2019 earnings at $0.47 EPS and FY2019 earnings at $2.00 EPS.
MarineMax (NYSE:HZO) last issued its earnings results on Wednesday, January 23rd. The specialty retailer reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07. The firm had revenue of $241.90 million for the quarter, compared to the consensus estimate of $252.03 million. MarineMax had a return on equity of 11.47% and a net margin of 3.38%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS.
Shares of HZO stock opened at $18.97 on Monday. The firm has a market capitalization of $433.22 million, a price-to-earnings ratio of 11.16 and a beta of 0.91. MarineMax has a fifty-two week low of $16.40 and a fifty-two week high of $26.11.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in MarineMax by 6.5% during the 4th quarter. BlackRock Inc. now owns 3,731,742 shares of the specialty retailer’s stock worth $68,327,000 after purchasing an additional 227,836 shares during the last quarter. Eagle Asset Management Inc. raised its position in MarineMax by 4.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,895,645 shares of the specialty retailer’s stock worth $61,532,000 after purchasing an additional 113,830 shares during the last quarter. Dimensional Fund Advisors LP raised its position in MarineMax by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,269,576 shares of the specialty retailer’s stock worth $48,229,000 after purchasing an additional 23,839 shares during the last quarter. Macquarie Group Ltd. raised its position in MarineMax by 4.1% during the 3rd quarter. Macquarie Group Ltd. now owns 1,773,909 shares of the specialty retailer’s stock worth $37,696,000 after purchasing an additional 70,112 shares during the last quarter. Finally, Vanguard Group Inc raised its position in shares of MarineMax by 3.4% in the 3rd quarter. Vanguard Group Inc now owns 1,446,809 shares of the specialty retailer’s stock worth $30,745,000 after acquiring an additional 47,103 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.
In related news, CEO W Brett Mcgill sold 5,061 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.03, for a total transaction of $101,371.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by company insiders.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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