Marine Products (MPX) Scheduled to Post Earnings on Thursday

Marine Products (NYSE:MPX - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Marine Products to post earnings of $0.08 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Marine Products (NYSE:MPX - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.14 EPS for the quarter, hitting analysts' consensus estimates of $0.14. The business had revenue of $69.55 million during the quarter. Marine Products had a return on equity of 17.86% and a net margin of 9.04%. During the same quarter in the previous year, the business posted $0.42 EPS. 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 Down 1.1 %

NYSE:MPX traded down $0.11 on Thursday, hitting $9.77. The company's stock had a trading volume of 25,548 shares, compared to its average volume of 50,871. Marine Products has a one year low of $8.86 and a one year high of $13.85. The stock has a fifty day moving average of $9.45 and a two-hundred day moving average of $10.13. The firm has a market capitalization of $338.85 million, a P/E ratio of 9.60 and a beta of 1.23.

Marine Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.73%. The ex-dividend date was Friday, August 9th. Marine Products's dividend payout ratio is 55.45%.

Analysts Set New Price Targets

Separately, DA Davidson dropped their price objective on shares of Marine Products from $11.00 to $8.00 and set a "neutral" rating on the stock in a research report on Monday, August 12th.

About Marine Products

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.