West Marine (WMAR) Earns Coverage Optimism Score of 0.69
News coverage about West Marine (NASDAQ:WMAR) has trended very positive recently, according to AlphaOne Sentiment. The research firm, a service of Accern, scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. West Marine earned a daily sentiment score of 0.69 on AlphaOne’s scale. AlphaOne also assigned news stories about the specialty retailer an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
A number of equities research analysts recently issued reports on WMAR shares. B. Riley reiterated a “buy” rating and issued a $12.00 price objective on shares of West Marine in a report on Sunday, February 26th. Zacks Investment Research upgraded shares of West Marine from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a report on Tuesday, February 28th. Finally, TheStreet raised shares of West Marine from a “c+” rating to a “b” rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $9.75.
West Marine (WMAR) traded down 1.71% on Friday, reaching $9.77. 136,894 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $10.19 and its 200-day moving average is $9.79. West Marine has a 12 month low of $7.77 and a 12 month high of $11.72. The firm has a market cap of $245.88 million, a PE ratio of 29.16 and a beta of 1.40.
West Marine (NASDAQ:WMAR) last announced its quarterly earnings data on Wednesday, April 26th. The specialty retailer reported ($0.29) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.07. West Marine had a net margin of 1.19% and a return on equity of 2.70%. The company had revenue of $129.10 million during the quarter, compared to the consensus estimate of $130.88 million. During the same quarter last year, the firm posted ($0.37) EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, equities analysts forecast that West Marine will post $0.37 earnings per share for the current year.
The company also recently disclosed a special dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were given a $0.05 dividend. The ex-dividend date was Tuesday, May 9th. West Marine’s dividend payout ratio (DPR) is presently 60.61%.
About West Marine
West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.
Receive News & Ratings for West Marine Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Marine Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.