MarineMax (NYSE:HZO) Issues FY 2024 Earnings Guidance

MarineMax (NYSE:HZO) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.200-3.200 for the period, compared to the consensus earnings per share estimate of 3.350. The company issued revenue guidance of -. MarineMax also updated its FY24 guidance to $2.20-3.20 EPS.

MarineMax Stock Performance

Shares of NYSE:HZO opened at $25.37 on Friday. The firm has a fifty day simple moving average of $30.20 and a two-hundred day simple moving average of $31.43. MarineMax has a 52 week low of $22.51 and a 52 week high of $42.88. The company has a quick ratio of 0.35, a current ratio of 1.24 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $565.75 million, a P/E ratio of 9.19 and a beta of 1.69.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.18 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.55). MarineMax had a return on equity of 7.66% and a net margin of 2.56%. The company had revenue of $582.90 million during the quarter, compared to analysts’ expectations of $590.19 million. During the same quarter in the prior year, the business posted $1.23 EPS. The company’s revenue was up 2.2% on a year-over-year basis. On average, analysts expect that MarineMax will post 3.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial dropped their price objective on shares of MarineMax from $40.00 to $35.00 and set a buy rating for the company in a research note on Friday. 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 downgraded shares of MarineMax from a hold rating to a sell rating in a research note on Saturday, January 27th. Finally, DA Davidson reaffirmed a buy rating and set a $34.00 target price on shares of MarineMax in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $35.40.

Insider Activity at MarineMax

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