Wall Street analysts forecast that MarineMax Inc (NYSE:HZO) will announce sales of $324.97 million for the current quarter, according to Zacks. Six analysts have provided estimates for MarineMax’s earnings, with estimates ranging from $316.90 million to $334.40 million. MarineMax posted sales of $308.14 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, November 3rd.
On average, analysts expect that MarineMax will report full-year sales of $1.44 billion for the current fiscal year, with estimates ranging from $1.43 billion to $1.45 billion. For the next financial year, analysts expect that the firm will post sales of $1.43 billion, with estimates ranging from $1.34 billion to $1.52 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow MarineMax.
MarineMax (NYSE:HZO) last posted its earnings results on Thursday, July 23rd. The specialty retailer reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.86. MarineMax had a net margin of 3.93% and a return on equity of 14.68%. The firm had revenue of $498.30 million for the quarter, compared to analyst estimates of $414.69 million. During the same period in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year.
Shares of MarineMax stock traded up $0.79 during trading on Monday, reaching $26.46. 481,758 shares of the company traded hands, compared to its average volume of 329,910. MarineMax has a 1-year low of $7.24 and a 1-year high of $34.06. The company has a 50 day moving average price of $28.15 and a 200-day moving average price of $20.72. The firm has a market capitalization of $555.19 million, a PE ratio of 10.49 and a beta of 1.91.
In related news, CEO W Brett Mcgill sold 5,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $28.57, for a total transaction of $142,850.00. Following the completion of the transaction, the chief executive officer now owns 46,308 shares in the company, valued at $1,323,019.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman William H. Mcgill, Jr. sold 20,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $32.06, for a total transaction of $641,200.00. In the last 90 days, insiders have sold 113,335 shares of company stock valued at $3,191,601. 4.80% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Private Advisor Group LLC bought a new position in MarineMax during the second quarter worth about $26,000. Public Employees Retirement System of Ohio boosted its position in MarineMax by 85.8% during the second quarter. Public Employees Retirement System of Ohio now owns 1,206 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 557 shares during the period. FDx Advisors Inc. bought a new position in MarineMax during the first quarter worth about $34,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in MarineMax during the first quarter worth about $112,000. Finally, UBS Group AG boosted its position in MarineMax by 1,280.3% during the second quarter. UBS Group AG now owns 7,274 shares of the specialty retailer’s stock worth $163,000 after purchasing an additional 6,747 shares during the period.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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