MarineMax (NYSE:HZO) Releases FY24 Earnings Guidance

MarineMax (NYSE:HZO) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.20-3.20 for the period, compared to the consensus earnings per share estimate of $3.35. MarineMax also updated its FY 2024 guidance to 2.200-3.200 EPS.

MarineMax Stock Down 0.9 %

Shares of HZO traded down $0.22 on Friday, reaching $25.38. The company’s stock had a trading volume of 455,253 shares, compared to its average volume of 332,555. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. MarineMax has a twelve month low of $22.51 and a twelve month high of $42.88. The stock has a market capitalization of $565.97 million, a PE ratio of 6.31 and a beta of 1.69. The firm has a fifty day moving average of $30.32 and a 200-day moving average of $31.48.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). MarineMax had a return on equity of 10.44% and a net margin of 3.75%. The business had revenue of $582.90 million during the quarter, compared to analyst estimates of $590.19 million. During the same quarter in the prior year, the company earned $1.23 EPS. The company’s revenue was up 2.2% on a year-over-year basis. Equities analysts predict that MarineMax will post 3.33 EPS for the current year.

Wall Street Analysts Forecast Growth

HZO has been the topic of a number of research reports. DA Davidson reaffirmed a buy rating and issued a $34.00 price target on shares of MarineMax in a report on Friday, March 15th. Truist Financial reduced their price objective on shares of MarineMax from $40.00 to $35.00 and set a buy rating for the company in a research note on Friday. StockNews.com lowered shares of MarineMax from a hold rating to a sell rating in a research note on Saturday, January 27th. Finally, Stifel Nicolaus reduced their price objective on shares of MarineMax from $37.00 to $35.00 and set a buy rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, MarineMax presently has an average rating of Moderate Buy and an average price target of $35.40.

Insider Activity

In other news, Director Clint Moore sold 4,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $31.12, for a total transaction of $124,480.00. Following the completion of the transaction, the director now directly owns 20,544 shares in the company, valued at approximately $639,329.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,981 shares in the company, valued at $1,904,074.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the completion of the transaction, the director now owns 20,544 shares of the company’s stock, valued at $639,329.28. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

About MarineMax

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.