Marine Products (MPX) Expected to Announce Quarterly Earnings on Thursday

Marine Products (NYSE:MPX - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $65.90 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Marine Products (NYSE:MPX - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. Marine Products had a net margin of 7.55% and a return on equity of 13.08%. On average, analysts expect Marine Products to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Marine Products Trading Up 2.4 %

Shares of MPX traded up $0.20 during trading hours on Friday, reaching $8.28. 17,024 shares of the stock traded hands, compared to its average volume of 41,330. Marine Products has a 52 week low of $7.49 and a 52 week high of $12.47. The stock has a fifty day simple moving average of $8.42 and a 200 day simple moving average of $9.10. The company has a market cap of $289.34 million, a price-to-earnings ratio of 16.89 and a beta of 1.03.

Marine Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 10th were paid a $0.14 dividend. The ex-dividend date was Monday, February 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.77%. Marine Products's payout ratio is presently 114.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Marine Products from a "hold" rating to a "buy" rating in a report on Friday, January 31st.

Marine Products Company Profile

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.