MarineMax (NYSE:HZO) Issues FY24 Earnings Guidance

MarineMax (NYSE:HZO) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $2.20-3.20 for the period, compared to the consensus EPS 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 stock traded down $0.22 on Friday, hitting $25.38. The stock had a trading volume of 455,253 shares, compared to its average volume of 332,555. The firm has a market capitalization of $565.97 million, a price-to-earnings ratio of 6.31 and a beta of 1.69. The stock’s 50 day moving average is $30.32 and its 200-day moving average is $31.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.28. MarineMax has a 52-week low of $22.51 and a 52-week high of $42.88.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HZO shares. DA Davidson reaffirmed a buy rating and issued a $34.00 price target on shares of MarineMax in a report on Friday, March 15th. Stifel Nicolaus cut their price target on shares of MarineMax from $37.00 to $35.00 and set a buy rating on the stock in a report on Friday. StockNews.com cut shares of MarineMax from a hold rating to a sell rating in a report on Saturday, January 27th. Finally, Truist Financial dropped their target price on shares of MarineMax from $40.00 to $35.00 and set a buy rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, MarineMax currently has an average rating of Moderate Buy and an average target price of $35.40.

Insiders Place Their Bets

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

MarineMax Company Profile

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.