Somewhat Critical Press Coverage Very Unlikely to Affect MarineMax (HZO) Stock Price
Media coverage about MarineMax (NYSE:HZO) has been trending somewhat negative this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MarineMax earned a media sentiment score of -0.06 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 25 out of 100, indicating that recent news coverage is very unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- $383.17 Million in Sales Expected for MarineMax, Inc. (HZO) This Quarter (americanbankingnews.com)
- MarineMax to Webcast Third Quarter 2017 Results (finance.yahoo.com)
- Zacks: Brokerages Expect MarineMax, Inc. (NYSE:HZO) Will Announce Earnings of $0.68 Per Share (americanbankingnews.com)
- MarineMax, Inc. (NYSE:HZO) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
MarineMax (NYSE:HZO) remained flat at $19.60 during trading on Friday. 140,423 shares of the stock were exchanged. The firm has a market capitalization of $477.26 million, a PE ratio of 19.66 and a beta of 1.04. The firm’s 50-day moving average price is $18.52 and its 200 day moving average price is $20.26. MarineMax has a 12 month low of $15.10 and a 12 month high of $23.65.
MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, April 27th. The specialty retailer reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.06. The company had revenue of $245.02 million during the quarter, compared to the consensus estimate of $237.99 million. MarineMax had a return on equity of 7.67% and a net margin of 2.40%. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. Analysts predict that MarineMax will post $1.22 EPS for the current year.
Several equities analysts have commented on HZO shares. Zacks Investment Research lowered shares of MarineMax from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Citigroup Inc. reissued a “buy” rating and issued a $25.00 target price (down from $26.00) on shares of MarineMax in a report on Monday, May 15th. Finally, B. Riley reissued a “buy” rating and issued a $26.00 target price on shares of MarineMax in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.33.
MarineMax Company Profile
MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.
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