Marine Products (MPX) to Release Quarterly Earnings on Thursday

Marine Products (NYSE:MPX) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Individual interested in registering for the company’s earnings conference call can do so using this link.

Marine Products (NYSE:MPX) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $70.87 million during the quarter. Marine Products had a return on equity of 28.84% and a net margin of 10.87%. During the same period in the previous year, the business earned $0.35 EPS.

Marine Products Stock Performance

Shares of MPX opened at $10.77 on Thursday. The business’s fifty day moving average price is $10.91 and its two-hundred day moving average price is $11.06. The firm has a market capitalization of $373.50 million, a price-to-earnings ratio of 8.83 and a beta of 1.26. Marine Products has a 52 week low of $9.18 and a 52 week high of $17.81.

Marine Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 9th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend was Thursday, February 8th. Marine Products’s dividend payout ratio is 45.90%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Truist Financial Corp acquired a new position in Marine Products in the fourth quarter valued at about $636,000. BlackRock Inc. raised its position in shares of Marine Products by 6.7% in the 2nd quarter. BlackRock Inc. now owns 658,785 shares of the company’s stock valued at $11,107,000 after acquiring an additional 41,100 shares during the period. GSA Capital Partners LLP bought a new position in Marine Products during the 4th quarter worth approximately $463,000. Vanguard Group Inc. grew its holdings in Marine Products by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 493,212 shares of the company’s stock valued at $5,623,000 after purchasing an additional 31,227 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Marine Products by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 624,703 shares of the company’s stock worth $10,533,000 after purchasing an additional 28,606 shares during the period. Institutional investors own 13.86% of the company’s stock.

Marine Products Company Profile

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.