MarineMax (NYSE:HZO) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $1.69. MarineMax also updated its FY 2019 guidance to $1.85-1.95 EPS.
Several brokerages have recently weighed in on HZO. Wedbush upped their price objective on MarineMax from $21.00 to $25.00 and gave the company a neutral rating in a report on Wednesday. CL King lowered MarineMax from a buy rating to a neutral rating in a report on Wednesday. B. Riley upped their price objective on MarineMax to $30.00 and gave the company a buy rating in a report on Wednesday. ValuEngine upgraded MarineMax from a hold rating to a buy rating in a report on Wednesday. Finally, Raymond James upped their price objective on MarineMax from $24.00 to $28.00 and gave the company a strong-buy rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $26.00.
Shares of NYSE HZO traded up $0.83 during mid-day trading on Wednesday, hitting $22.83. 23,912 shares of the company traded hands, compared to its average volume of 236,813. MarineMax has a 1 year low of $16.40 and a 1 year high of $25.05. The company has a market cap of $509.21 million, a price-to-earnings ratio of 22.88 and a beta of 1.30.
In other news, Director Joseph Allen Watters sold 2,500 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $21.17, for a total transaction of $52,925.00. Following the completion of the sale, the director now directly owns 62,413 shares of the company’s stock, valued at $1,321,283.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 4.40% of the company’s stock.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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