MarineMax (NYSE:HZO) Issues Earnings Results

MarineMax (NYSE:HZO - Get Free Report) posted its quarterly earnings data on Thursday. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06, Briefing.com reports. The business had revenue of $563.10 million for the quarter, compared to analysts' expectations of $576.49 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The business's revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. MarineMax updated its FY 2025 guidance to 1.800-2.800 EPS and its FY25 guidance to $1.80-2.80 EPS.

MarineMax Stock Down 3.0 %

Shares of NYSE:HZO traded down $0.89 during midday trading on Thursday, hitting $29.15. 422,067 shares of the company's stock traded hands, compared to its average volume of 310,430. The firm's fifty day moving average price is $32.04 and its two-hundred day moving average price is $31.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 1.20. MarineMax has a twelve month low of $22.51 and a twelve month high of $39.85. The company has a market cap of $650.07 million, a PE ratio of 11.18 and a beta of 1.82.

Analyst Upgrades and Downgrades

HZO has been the subject of several recent analyst reports. StockNews.com cut MarineMax from a "hold" rating to a "sell" rating in a report on Tuesday, September 3rd. Benchmark began coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a "buy" rating and a $40.00 target price for the company. Citigroup raised shares of MarineMax from a "neutral" rating to a "buy" rating and increased 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 note on Friday, July 12th. Finally, Truist Financial increased their target price on MarineMax from $35.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.83.

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.