MarineMax (NYSE:HZO) Announces Quarterly Earnings Results

MarineMax (NYSE:HZO) announced its quarterly earnings data on Thursday. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01), Zacks reports. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. During the same period in the prior year, the company posted ($2.42) earnings per share. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. MarineMax updated its FY 2026 guidance to 0.400-0.950 EPS.

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

• MarineMax said fiscal Q3 gross margin expanded 530 basis points to 35.7%, driven by better boat margins, a stronger mix of higher-margin businesses, and disciplined inventory management.
• Revenue fell to $611 million and same-store sales declined 7%, reflecting continued softness in boat sales and a challenging retail environment across the industry.
• The company highlighted stronger performance from its recurring, higher-margin businesses, including parts and service, finance and insurance, marina operations, Superyacht, and Newcoast Financial Services.
• MarineMax completed a refinancing of all term debt on improved terms, extending maturities to 2031 and boosting financial flexibility as it pursues selective growth opportunities.
• Management reaffirmed full-year fiscal 2026 guidance for adjusted EBITDA of $110 million to $125 million and adjusted EPS of $0.40 to $0.95, while lowering expectations for industry unit volumes and same-store sales as market conditions remain uneven.

MarineMax Price Performance

HZO stock traded down $0.15 during mid-day trading on Thursday, reaching $32.77. 93,603 shares of the company traded hands, compared to its average volume of 373,970. The company has a fifty day moving average price of $34.54 and a 200-day moving average price of $30.53. MarineMax has a 52-week low of $21.41 and a 52-week high of $38.14. The company has a market capitalization of $722.01 million, a P/E ratio of -11.05 and a beta of 1.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 0.32.

Hedge Funds Weigh In On MarineMax

Large investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its position in MarineMax by 3.9% during the 4th quarter. AQR Capital Management LLC now owns 9,471 shares of the specialty retailer’s stock valued at $229,000 after buying an additional 358 shares during the period. Schonfeld Strategic Advisors LLC increased its position in shares of MarineMax by 1.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 37,578 shares of the specialty retailer’s stock valued at $911,000 after acquiring an additional 403 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of MarineMax by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after acquiring an additional 546 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of MarineMax by 3.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 22,400 shares of the specialty retailer’s stock valued at $563,000 after acquiring an additional 646 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of MarineMax by 5.2% during the fourth quarter. Deutsche Bank AG now owns 14,956 shares of the specialty retailer’s stock worth $362,000 after purchasing an additional 746 shares during the period. 92.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of MarineMax in a report on Friday, April 24th. B. Riley Financial downgraded shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price objective for the company. in a report on Tuesday. Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Finally, Truist Financial increased their target price on shares of MarineMax from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MarineMax currently has an average rating of “Hold” and a consensus target price of $34.50.

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.