Somewhat Favorable Media Coverage Somewhat Unlikely to Impact MarineMax (HZO) Share Price
News coverage about MarineMax (NYSE:HZO) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MarineMax earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 46.6526441536918 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of MarineMax (HZO) traded down 2.55% during mid-day trading on Monday, hitting $15.30. 369,939 shares of the stock traded hands. The firm has a 50 day moving average of $15.57 and a 200 day moving average of $18.78. MarineMax has a 12 month low of $13.80 and a 12 month high of $23.65. The company has a market cap of $371.42 million, a P/E ratio of 15.30 and a beta of 1.00.
MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.11). The business had revenue of $329.80 million for the quarter, compared to analyst estimates of $383.01 million. MarineMax had a return on equity of 17.43% and a net margin of 4.32%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Equities analysts anticipate that MarineMax will post $0.98 EPS for the current fiscal year.
MarineMax declared that its Board of Directors has approved a share repurchase program on Wednesday, August 2nd that permits the company to buyback 2,000,000 outstanding shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
HZO has been the topic of several recent research reports. B. Riley restated a “buy” rating and set a $20.00 target price on shares of MarineMax in a research report on Friday, July 21st. TheStreet cut shares of MarineMax from a “b” rating to a “c+” rating in a research report on Wednesday, July 26th. BidaskClub cut shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Friday, June 30th. Finally, Ifs Securities restated a “strong-buy” rating and set a $20.00 target price on shares of MarineMax in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $22.86.
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In other MarineMax news, Director Dean S. Woodman sold 3,000 shares of MarineMax stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $15.00, for a total transaction of $45,000.00. Following the transaction, the director now directly owns 15,193 shares of the company’s stock, valued at $227,895. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dean S. Woodman sold 2,500 shares of MarineMax stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $16.00, for a total transaction of $40,000.00. Following the transaction, the director now directly owns 14,693 shares in the company, valued at $235,088. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.
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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