MarineMax (NYSE:HZO) Issues FY 2022 Earnings Guidance

MarineMax (NYSE:HZO – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $7.90-$8.30 for the period, compared to the consensus EPS estimate of $7.88. The company issued revenue guidance of -.

NYSE HZO traded up $0.51 on Tuesday, hitting $45.01. The stock had a trading volume of 2,150 shares, compared to its average volume of 440,593. MarineMax has a 52-week low of $35.60 and a 52-week high of $70.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.81 and a current ratio of 1.70. The company has a market capitalization of $969.16 million, a price-to-earnings ratio of 5.56 and a beta of 1.60. The firm has a 50-day moving average of $42.21 and a 200-day moving average of $48.66.

MarineMax (NYSE:HZO – Get Rating) last posted its earnings results on Thursday, April 28th. The specialty retailer reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.59. MarineMax had a net margin of 8.23% and a return on equity of 29.39%. The business had revenue of $610.10 million for the quarter, compared to analysts’ expectations of $541.34 million. During the same period in the prior year, the company posted $1.69 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, research analysts anticipate that MarineMax will post 8.26 earnings per share for the current fiscal year.

Several analysts have issued reports on HZO shares. Citigroup lowered their target price on shares of MarineMax from $52.00 to $42.00 and set a neutral rating on the stock in a research note on Tuesday, April 19th. Raymond James increased their target price on shares of MarineMax from $67.00 to $70.00 and gave the stock an outperform rating in a research note on Friday, January 28th. Zacks Investment Research raised shares of MarineMax from a hold rating to a strong-buy rating and set a $47.00 price target on the stock in a report on Tuesday, May 3rd. StockNews.com initiated coverage on shares of MarineMax in a report on Thursday, March 31st. They issued a buy rating on the stock. Finally, DA Davidson initiated coverage on shares of MarineMax in a report on Tuesday, April 26th. They issued a buy rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MarineMax has an average rating of Buy and an average price target of $57.50.

Several hedge funds have recently added to or reduced their stakes in HZO. Sei Investments Co. grew its holdings in shares of MarineMax by 49.4% during the 4th quarter. Sei Investments Co. now owns 300,075 shares of the specialty retailer’s stock valued at $17,716,000 after purchasing an additional 99,219 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of MarineMax by 1,739.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 28,659 shares of the specialty retailer’s stock valued at $1,692,000 after purchasing an additional 27,101 shares during the last quarter. Morgan Stanley grew its holdings in shares of MarineMax by 17.5% during the 2nd quarter. Morgan Stanley now owns 176,278 shares of the specialty retailer’s stock valued at $8,591,000 after purchasing an additional 26,268 shares during the last quarter. UBS Group AG grew its holdings in shares of MarineMax by 62.1% during the 3rd quarter. UBS Group AG now owns 35,533 shares of the specialty retailer’s stock valued at $1,724,000 after purchasing an additional 13,614 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of MarineMax by 59.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 34,096 shares of the specialty retailer’s stock valued at $2,013,000 after purchasing an additional 12,657 shares during the last quarter. 97.68% of the stock is currently owned by institutional investors.

MarineMax Company Profile (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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