MarineMax (NYSE:HZO) Updates FY 2024 Earnings Guidance

MarineMax (NYSE:HZO) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.200-3.200 for the period, compared to the consensus earnings per share estimate of 2.370. The company issued revenue guidance of -. MarineMax also updated its FY24 guidance to $2.20 to $2.30 EPS.

MarineMax Stock Performance

NYSE HZO traded up $5.49 during trading hours on Thursday, hitting $37.15. The company’s stock had a trading volume of 966,422 shares, compared to its average volume of 333,464. MarineMax has a 12 month low of $22.51 and a 12 month high of $42.88. The company’s 50 day simple moving average is $32.12 and its two-hundred day simple moving average is $30.88. The company has a market cap of $828.45 million, a P/E ratio of 13.46 and a beta of 1.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.24 and a quick ratio of 0.34.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). The firm had revenue of $582.90 million for the quarter, compared to the consensus estimate of $590.19 million. MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 earnings per share. As a group, sell-side analysts expect that MarineMax will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. B. Riley lowered their price objective on MarineMax from $48.00 to $46.00 and set a buy rating on the stock in a research report on Wednesday, July 10th. DA Davidson lifted their price objective on MarineMax from $34.00 to $37.00 and gave the company a buy rating in a research report on Wednesday. Truist Financial lowered their price objective on MarineMax from $40.00 to $35.00 and set a buy rating on the stock in a research report on Friday, April 26th. Finally, Stifel Nicolaus lifted their price objective on MarineMax from $35.00 to $40.00 and gave the company a buy rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, MarineMax has a consensus rating of Moderate Buy and a consensus target price of $39.50.

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.