MarineMax (NYSE:HZO) Issues FY22 Earnings Guidance

MarineMax (NYSE:HZOGet Rating) updated its FY22 earnings guidance on Thursday. The company provided EPS guidance of $7.90-8.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.88.

A number of brokerages recently issued reports on HZO. DA Davidson began coverage on shares of MarineMax in a report on Tuesday. They issued a buy rating and a $48.00 price objective for the company. Truist Financial decreased their price objective on shares of MarineMax from $62.00 to $54.00 in a report on Wednesday, January 26th. Citigroup cut their price objective on shares of MarineMax from $52.00 to $42.00 and set a neutral rating for the company in a research report on Tuesday, April 19th. Raymond James upped their price objective on shares of MarineMax from $67.00 to $70.00 and gave the company an outperform rating in a research report on Friday, January 28th. Finally, StockNews.com assumed coverage on shares of MarineMax in a research report on Thursday, March 31st. They set a buy rating for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MarineMax has a consensus rating of Buy and an average price target of $58.33.

NYSE:HZO opened at $36.24 on Thursday. MarineMax has a 12-month low of $35.60 and a 12-month high of $70.89. The company has a quick ratio of 0.72, a current ratio of 1.57 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $794.34 million, a PE ratio of 4.95 and a beta of 1.73. The firm has a 50-day moving average price of $42.65 and a 200 day moving average price of $48.92.

MarineMax (NYSE:HZOGet Rating) last posted its quarterly earnings results on Thursday, January 27th. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.48. MarineMax had a net margin of 7.88% and a return on equity of 28.80%. The firm had revenue of $472.69 million during the quarter, compared to analyst estimates of $447.35 million. During the same quarter in the prior year, the business posted $1.04 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, research analysts expect that MarineMax will post 7.88 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of MarineMax by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 374,756 shares of the specialty retailer’s stock worth $22,125,000 after buying an additional 8,648 shares in the last quarter. Sei Investments Co. increased its holdings in shares of MarineMax by 49.4% during the fourth quarter. Sei Investments Co. now owns 300,075 shares of the specialty retailer’s stock worth $17,716,000 after buying an additional 99,219 shares in the last quarter. Morgan Stanley increased its holdings in shares of MarineMax by 17.5% during the second quarter. Morgan Stanley now owns 176,278 shares of the specialty retailer’s stock worth $8,591,000 after buying an additional 26,268 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of MarineMax by 3.4% during the fourth quarter. Legal & General Group Plc now owns 54,874 shares of the specialty retailer’s stock worth $3,240,000 after buying an additional 1,782 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of MarineMax by 1.0% during the fourth quarter. JPMorgan Chase & Co. now owns 37,531 shares of the specialty retailer’s stock worth $2,217,000 after buying an additional 370 shares in the last quarter. 99.13% of the stock is owned by hedge funds and other institutional investors.

About MarineMax (Get Rating)

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through 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, pontoon boats, ski boats, jet boats, and other recreational boats.

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Earnings History and Estimates for MarineMax (NYSE:HZO)

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