Analysts predict that MarineMax Inc (NYSE:HZO) will announce $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have made estimates for MarineMax’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.42. MarineMax posted earnings of $0.45 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 22.2%. The firm is expected to report its next earnings results on Tuesday, October 29th.

On average, analysts expect that MarineMax will report full-year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.50 to $1.70. For the next fiscal year, analysts expect that the business will report earnings of $1.79 per share, with EPS estimates ranging from $1.65 to $2.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover MarineMax.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. MarineMax had a return on equity of 10.94% and a net margin of 3.30%. The company had revenue of $383.50 million for the quarter, compared to analyst estimates of $391.48 million. During the same period last year, the company posted $0.79 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year.

Several research firms have commented on HZO. Zacks Investment Research lowered Eisai from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Craig Hallum lowered MarineMax from a “buy” rating to a “hold” rating in a research report on Thursday. Northcoast Research reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 26th. Raymond James lifted their target price on Franco Nevada from $94.00 to $98.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, TheStreet raised WillScot from a “d-” rating to a “c-” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.92.

NYSE:HZO traded up $0.16 during mid-day trading on Friday, hitting $15.41. The company had a trading volume of 323,705 shares, compared to its average volume of 322,299. The business has a fifty day simple moving average of $16.50. MarineMax has a 1 year low of $13.73 and a 1 year high of $26.11. The company has a market capitalization of $416.68 million, a price-to-earnings ratio of 9.06 and a beta of 0.88.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cutler Group LP bought a new stake in MarineMax in the first quarter valued at about $30,000. Manchester Capital Management LLC bought a new stake in MarineMax in the first quarter valued at about $40,000. BNP Paribas Arbitrage SA increased its holdings in MarineMax by 753.0% in the first quarter. BNP Paribas Arbitrage SA now owns 5,246 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 4,631 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in MarineMax by 355.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,773 shares of the specialty retailer’s stock valued at $142,000 after buying an additional 6,067 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new stake in MarineMax in the first quarter valued at about $156,000. 92.38% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

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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Earnings History and Estimates for MarineMax (NYSE:HZO)

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