MarineMax (NYSE:HZO) Updates FY 2024 Earnings Guidance

MarineMax (NYSE:HZO) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.200-3.200 for the period, compared to the consensus earnings per share estimate of 3.350. The company issued revenue guidance of -. MarineMax also updated its FY24 guidance to $2.20-3.20 EPS.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HZO. DA Davidson reaffirmed a buy rating and set a $34.00 target price on shares of MarineMax in a research report on Friday, March 15th. StockNews.com lowered MarineMax from a hold rating to a sell rating in a research report on Saturday, January 27th. Truist Financial lowered their price objective on MarineMax from $40.00 to $35.00 and set a buy rating for the company in a research report on Friday. Finally, Stifel Nicolaus lowered their price objective on MarineMax from $37.00 to $35.00 and set a buy rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $35.40.

MarineMax Trading Down 0.9 %

Shares of HZO stock traded down $0.23 during mid-day trading on Friday, hitting $25.37. The company’s stock had a trading volume of 455,253 shares, compared to its average volume of 402,171. The company’s fifty day simple moving average is $30.20 and its 200-day simple moving average is $31.44. MarineMax has a 52 week low of $22.51 and a 52 week high of $42.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.35 and a current ratio of 1.24. The company has a market cap of $565.75 million, a PE ratio of 9.20 and a beta of 1.69.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $0.18 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.55). The firm had revenue of $582.90 million during the quarter, compared to analyst estimates of $590.19 million. MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.23 earnings per share. As a group, equities research analysts expect that MarineMax will post 3.09 earnings per share for the current fiscal year.

Insider Activity

In other MarineMax news, EVP Charles A. Cashman sold 7,500 shares of MarineMax stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $29.76, for a total transaction of $223,200.00. Following the completion of the transaction, the executive vice president now owns 63,981 shares in the company, valued at approximately $1,904,074.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other MarineMax news, Director Clint Moore sold 4,000 shares of MarineMax stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $31.12, for a total transaction of $124,480.00. Following the transaction, the director now owns 20,544 shares of the company’s stock, valued at approximately $639,329.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles A. Cashman sold 7,500 shares of MarineMax stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $29.76, for a total transaction of $223,200.00. Following the transaction, the executive vice president now directly owns 63,981 shares in the company, valued at approximately $1,904,074.56. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.