MarineMax (HZO) Releases FY19 Earnings Guidance

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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.

MarineMax (NYSE:HZO) last announced its earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.23 by $0.22. MarineMax had a return on equity of 10.83% and a net margin of 2.83%. The business had revenue of $308.59 million during the quarter, compared to the consensus estimate of $273.60 million. During the same period in the prior year, the business posted $0.22 earnings per share. MarineMax’s revenue was up 23.1% compared to the same quarter last year. Research analysts anticipate that MarineMax will post 1.51 earnings per share for the current fiscal year.

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.

About MarineMax

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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Earnings History and Estimates for MarineMax (NYSE:HZO)

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