Marine Products (NYSE:MPX - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.07, Zacks reports. Marine Products had a return on equity of 13.08% and a net margin of 7.55%.
Marine Products Trading Down 4.4 %
MPX traded down $0.42 during trading hours on Monday, hitting $8.97. The company's stock had a trading volume of 103,832 shares, compared to its average volume of 34,103. The stock has a market cap of $311.49 million, a price-to-earnings ratio of 18.31 and a beta of 1.23. The business's 50-day moving average price is $9.34 and its 200-day moving average price is $9.53. Marine Products has a 12 month low of $8.64 and a 12 month high of $12.47.
Marine Products Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date is Monday, February 10th. Marine Products's dividend payout ratio (DPR) is presently 114.29%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Marine Products from a "hold" rating to a "buy" rating in a report on Friday.
Check Out Our Latest Stock Report on Marine Products
Marine Products Company Profile
(
Get Free Report)
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.
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