Q4 2024 Earnings Estimate for MarineMax, Inc. (NYSE:HZO) Issued By B. Riley

MarineMax, Inc. (NYSE:HZO) – Stock analysts at B. Riley raised their Q4 2024 earnings estimates for shares of MarineMax in a research report issued to clients and investors on Thursday, April 25th. B. Riley analyst E. Wold now forecasts that the specialty retailer will post earnings of $0.56 per share for the quarter, up from their prior estimate of $0.53. The consensus estimate for MarineMax’s current full-year earnings is $3.09 per share. B. Riley also issued estimates for MarineMax’s Q1 2025 earnings at $0.27 EPS, Q3 2025 earnings at $1.90 EPS and Q4 2025 earnings at $0.68 EPS.

HZO has been the subject of several other research reports. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, January 27th. Truist Financial decreased their price objective on MarineMax from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their price target on shares of MarineMax from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Friday. Finally, DA Davidson reissued a “buy” rating and set a $34.00 price target on shares of MarineMax in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, MarineMax has an average rating of “Moderate Buy” and an average target price of $36.75.

MarineMax Stock Down 0.9 %

HZO opened at $25.37 on Monday. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $42.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.35 and a current ratio of 1.24. The stock has a market cap of $565.75 million, a price-to-earnings ratio of 9.19 and a beta of 1.69. The firm’s fifty day moving average is $30.20 and its 200 day moving average is $31.43.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $0.18 EPS for the quarter, missing analysts’ consensus estimates 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 previous year, the company earned $1.23 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year.

Insider Transactions at MarineMax

In related news, EVP Charles A. Cashman sold 7,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,981 shares of the company’s stock, valued at approximately $1,904,074.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MarineMax news, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the sale, the executive vice president now directly owns 63,981 shares of the company’s stock, valued at $1,904,074.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Clint Moore sold 4,000 shares of the company’s 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 owns 20,544 shares in the company, valued at approximately $639,329.28. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On MarineMax

A number of large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in shares of MarineMax by 442.3% in the third quarter. Fifth Third Bancorp now owns 770 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 628 shares during the last quarter. Spire Wealth Management boosted its stake in MarineMax by 58.3% during the 3rd quarter. Spire Wealth Management now owns 1,496 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 551 shares during the last quarter. Bfsg LLC purchased a new stake in shares of MarineMax during the fourth quarter worth $133,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MarineMax by 25.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the specialty retailer’s stock worth $135,000 after buying an additional 696 shares in the last quarter. Finally, Arizona State Retirement System purchased a new stake in MarineMax during the 4th quarter valued at about $214,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

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.