MarineMax (NYSE:HZO) Announces Earnings Results

MarineMax (NYSE:HZO) announced its quarterly earnings results on Thursday. The specialty retailer reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06, Briefing.com reports. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The business had revenue of $563.10 million during the quarter, compared to analysts’ expectations of $576.49 million. During the same quarter last year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. MarineMax updated its FY 2025 guidance to 1.800-2.800 EPS and its FY25 guidance to $1.80-2.80 EPS.

MarineMax Price Performance

MarineMax stock opened at $28.97 on Friday. MarineMax has a 1 year low of $22.51 and a 1 year high of $39.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.36 and a current ratio of 1.19. The firm has a 50 day moving average price of $31.96 and a 200 day moving average price of $31.09. The company has a market cap of $646.61 million, a price-to-earnings ratio of 17.56 and a beta of 1.85.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Truist Financial lifted their target price on shares of MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and raised their price target for the stock from $40.00 to $44.00 in a research note on Monday, September 9th. Stifel Nicolaus boosted their price objective on shares of MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, July 12th. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. Finally, B. Riley lowered their target price on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, MarineMax currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.83.

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.