MarineMax (NYSE:HZO) Issues Quarterly Earnings Results, Beats Estimates By $0.34 EPS
MarineMax (NYSE:HZO) posted its quarterly earnings results on Thursday. The specialty retailer reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.34, Briefing.com reports. The company had revenue of $304.20 million during the quarter, compared to analyst estimates of $260.33 million. MarineMax had a net margin of 2.91% and a return on equity of 10.24%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. MarineMax updated its FY 2020
Pre-Market guidance to 1.82-1.92 EPS and its FY20 guidance to $1.82-1.92 EPS.
NYSE HZO traded down $0.06 during trading on Friday, hitting $21.55. 21,111 shares of the company’s stock traded hands, compared to its average volume of 144,072. The stock has a market capitalization of $374.74 million, a price-to-earnings ratio of 13.56 and a beta of 0.91. MarineMax has a 12-month low of $13.73 and a 12-month high of $22.32. The business has a 50 day moving average of $16.79 and a 200-day moving average of $15.93.
Several research firms recently weighed in on HZO. ValuEngine upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Longbow Research lowered shares of MarineMax from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 30th. SunTrust Banks reaffirmed a “buy” rating and set a $26.00 price objective on shares of MarineMax in a report on Friday. Finally, Zacks Investment Research raised shares of MarineMax from a “sell” rating to a “hold” rating in a report on Wednesday, January 1st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. MarineMax presently has a consensus rating of “Hold” and a consensus price target of $21.07.
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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