MarineMax Inc (NYSE:HZO) – Equities research analysts at Northcoast Research issued their FY2020 earnings per share (EPS) estimates for MarineMax in a research note issued to investors on Thursday, March 14th. Northcoast Research analyst S. Woolf expects that the specialty retailer will post earnings of $2.20 per share for the year. Northcoast Research currently has a “Buy” rating on the stock.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Wednesday, January 23rd. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.07. The business had revenue of $241.90 million during the quarter, compared to the consensus estimate of $252.03 million. MarineMax had a net margin of 3.38% and a return on equity of 11.47%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 EPS.

Several other equities analysts have also recently commented on HZO. TheStreet raised shares of MarineMax from a “c+” rating to a “b-” rating in a research report on Friday, January 18th. Zacks Investment Research raised shares of MarineMax from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research report on Saturday, January 26th. ValuEngine cut shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Craig Hallum raised shares of MarineMax from a “hold” rating to a “buy” rating and set a $18.39 price target for the company in a research report on Friday, February 1st. Finally, B. Riley set a $30.00 price target on shares of MarineMax and gave the company a “buy” rating in a research report on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $26.34.

Shares of HZO stock opened at $19.16 on Friday. MarineMax has a 52 week low of $16.40 and a 52 week high of $26.11. The company has a market capitalization of $433.45 million, a price-to-earnings ratio of 11.27 and a beta of 0.91.

In other news, CEO W Brett Mcgill sold 5,061 shares of MarineMax stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.03, for a total transaction of $101,371.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of MarineMax by 6.5% during the 4th quarter. BlackRock Inc. now owns 3,731,742 shares of the specialty retailer’s stock worth $68,327,000 after purchasing an additional 227,836 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of MarineMax by 4.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 2,895,645 shares of the specialty retailer’s stock worth $61,532,000 after purchasing an additional 113,830 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MarineMax by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,269,576 shares of the specialty retailer’s stock worth $48,229,000 after purchasing an additional 23,839 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of MarineMax by 4.1% during the 3rd quarter. Macquarie Group Ltd. now owns 1,773,909 shares of the specialty retailer’s stock worth $37,696,000 after purchasing an additional 70,112 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of MarineMax by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,446,809 shares of the specialty retailer’s stock worth $30,745,000 after purchasing an additional 47,103 shares during the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

About MarineMax

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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Earnings History and Estimates for MarineMax (NYSE:HZO)

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