Somewhat Positive Media Coverage Somewhat Unlikely to Affect Marine Products (MPX) Stock Price
Media headlines about Marine Products (NYSE:MPX) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marine Products earned a news sentiment score of 0.01 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.2086511205399 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several research analysts have weighed in on the company. B. Riley reiterated a “neutral” rating and set a $12.00 price objective on shares of Marine Products in a research report on Monday, August 7th. Zacks Investment Research upgraded Marine Products from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, September 26th. Finally, Ifs Securities restated a “market perform” rating on shares of Marine Products in a research report on Thursday, September 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.50.
Shares of Marine Products (NYSE:MPX) traded down $0.29 during midday trading on Friday, hitting $14.75. The company had a trading volume of 30,598 shares, compared to its average volume of 27,692. Marine Products has a 52 week low of $9.88 and a 52 week high of $17.12. The company has a market capitalization of $512.96, a PE ratio of 26.34 and a beta of 0.30.
Marine Products (NYSE:MPX) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Marine Products had a return on equity of 28.42% and a net margin of 7.59%. The company had revenue of $59.20 million during the quarter, compared to the consensus estimate of $67.86 million. sell-side analysts predict that Marine Products will post 0.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 10th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, November 9th. Marine Products’s payout ratio is currently 50.00%.
About Marine Products
Marine Products Corporation manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat and sport fishing markets. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.
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