Brokerages predict that MarineMax Inc (NYSE:HZO) will announce sales of $273.32 million for the current quarter, Zacks reports. Six analysts have issued estimates for MarineMax’s earnings, with the highest sales estimate coming in at $280.84 million and the lowest estimate coming in at $262.90 million. MarineMax posted sales of $250.62 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The business is expected to report its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that MarineMax will report full year sales of $1.14 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.15 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.20 billion per share, with estimates ranging from $1.16 billion to $1.23 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for MarineMax.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, July 26th. The specialty retailer reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $361.25 million for the quarter, compared to analyst estimates of $370.13 million. MarineMax had a net margin of 2.83% and a return on equity of 10.83%. MarineMax’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share.

Several research firms have weighed in on HZO. B. Riley decreased their target price on shares of MarineMax from $26.00 to $23.50 and set a “neutral” rating on the stock in a report on Tuesday, June 26th. Craig Hallum lowered shares of MarineMax from a “buy” rating to a “hold” rating in a report on Monday, June 25th. ValuEngine lowered shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Citigroup decreased their target price on shares of MarineMax from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, August 15th. Finally, Wedbush decreased their target price on shares of MarineMax from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. MarineMax presently has a consensus rating of “Hold” and an average price target of $24.50.

A number of large investors have recently bought and sold shares of HZO. AlphaMark Advisors LLC acquired a new position in shares of MarineMax in the 1st quarter worth approximately $195,000. Louisiana State Employees Retirement System acquired a new position in shares of MarineMax in the 2nd quarter worth approximately $190,000. Trexquant Investment LP acquired a new position in shares of MarineMax in the 2nd quarter worth approximately $202,000. Hsbc Holdings PLC acquired a new position in shares of MarineMax in the 1st quarter worth approximately $241,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of MarineMax in the 4th quarter worth approximately $240,000. Institutional investors own 89.21% of the company’s stock.

HZO traded up $0.40 on Tuesday, reaching $22.50. 2,380 shares of the company’s stock were exchanged, compared to its average volume of 240,968. The firm has a market capitalization of $585.58 million, a PE ratio of 22.20 and a beta of 1.12. MarineMax has a twelve month low of $14.95 and a twelve month high of $25.05.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.

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