Wall Street analysts expect that MarineMax Inc (NYSE:HZO) will post ($0.01) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for MarineMax’s earnings. The highest EPS estimate is $0.03 and the lowest is ($0.05). MarineMax reported earnings per share of $0.11 during the same quarter last year, which would suggest a negative year-over-year growth rate of 109.1%. The company is expected to announce its next earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that MarineMax will report full-year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.20. For the next fiscal year, analysts anticipate that the business will post earnings of $1.33 per share, with EPS estimates ranging from $1.24 to $1.39. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow MarineMax.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Tuesday, October 31st. The specialty retailer reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.11. The firm had revenue of $250.62 million for the quarter, compared to analyst estimates of $231.96 million. MarineMax had a net margin of 2.24% and a return on equity of 7.82%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share.

Several research analysts have issued reports on the stock. TheStreet lowered shares of MarineMax from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Zacks Investment Research cut shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. CL King assumed coverage on shares of MarineMax in a research report on Monday, November 13th. They set a “neutral” rating on the stock. B. Riley lifted their price objective on shares of MarineMax from $19.75 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Craig Hallum set a $21.00 price objective on shares of MarineMax and gave the stock a “buy” rating in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.00.

MarineMax (NYSE HZO) traded down $0.10 during trading on Monday, reaching $19.60. 296,300 shares of the company’s stock traded hands, compared to its average volume of 253,067. The firm has a market capitalization of $519.41, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05. MarineMax has a 12-month low of $13.80 and a 12-month high of $23.65.

In other MarineMax news, CEO William H. Mcgill, Jr. sold 5,400 shares of MarineMax stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.00, for a total transaction of $118,800.00. Following the transaction, the chief executive officer now directly owns 262,142 shares in the company, valued at approximately $5,767,124. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael H. Mclamb sold 10,000 shares of MarineMax stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $21.10, for a total transaction of $211,000.00. Following the transaction, the vice president now owns 21,500 shares in the company, valued at $453,650. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,900 shares of company stock worth $2,083,440. Corporate insiders own 4.40% of the company’s stock.

Several large investors have recently modified their holdings of HZO. BNP Paribas Arbitrage SA boosted its stake in shares of MarineMax by 58.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,348 shares of the specialty retailer’s stock valued at $144,000 after buying an additional 2,699 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of MarineMax during the 3rd quarter valued at $182,000. CAPROCK Group Inc. acquired a new stake in shares of MarineMax during the 3rd quarter valued at $213,000. Crossmark Global Holdings Inc. acquired a new stake in shares of MarineMax during the 3rd quarter valued at $232,000. Finally, Gabelli Funds LLC acquired a new stake in shares of MarineMax during the 3rd quarter valued at $248,000. 88.30% of the stock is owned by institutional investors.

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About MarineMax

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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Earnings History and Estimates for MarineMax (NYSE:HZO)

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