MarineMax (NYSE:HZO) Issues Earnings Results

MarineMax (NYSE:HZO) released its quarterly earnings data on Thursday. The specialty retailer reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.09), FiscalAI reports. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. The company had revenue of $505.18 million during the quarter, compared to the consensus estimate of $481.67 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis.

Here are the key takeaways from MarineMax’s conference call:

• Delivered nearly 11% same-store sales growth in Q1 driven by higher average unit selling prices and strong demand for premium/larger products (led by a strong Fort Lauderdale show).
• Retail boat gross margins are under significant pressure—roughly 400 basis points below normal—and management expects margin weakness to persist through fiscal Q2 with only modest recovery in the back half.
• Reduced inventory by nearly $170 million year-over-year, is targeting inventory turns above 2x, and finished the quarter with a strong liquidity position (~$165 million cash) and net debt just over 2x Adjusted EBITDA.
• Reaffirmed fiscal 2026 guidance of Adjusted EBITDA $110–$125 million and adjusted EPS $0.40–$0.95, assuming industry units flat to slightly up and same-store sales flat to slightly positive.

MarineMax Trading Down 8.3%

Shares of MarineMax stock traded down $2.24 on Thursday, hitting $24.63. 196,523 shares of the company’s stock traded hands, compared to its average volume of 275,177. MarineMax has a one year low of $16.85 and a one year high of $31.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.20 and a quick ratio of 0.32. The stock has a market capitalization of $542.49 million, a PE ratio of -15.80 and a beta of 1.65. The firm’s 50-day moving average price is $25.50 and its two-hundred day moving average price is $25.27.

Analysts Set New Price Targets

Several research firms have recently weighed in on HZO. Zacks Research raised shares of MarineMax from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Loop Capital started coverage on shares of MarineMax in a report on Monday, December 22nd. They set a “buy” rating and a $29.00 price objective for the company. Citigroup reiterated a “buy” rating on shares of MarineMax in a research note on Wednesday, January 14th. Wall Street Zen raised MarineMax from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Hedge Funds Weigh In On MarineMax

Institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC boosted its position in shares of MarineMax by 8.7% during the third quarter. Verition Fund Management LLC now owns 15,794 shares of the specialty retailer’s stock worth $400,000 after purchasing an additional 1,261 shares in the last quarter. California State Teachers Retirement System grew its stake in MarineMax by 6.9% in the third quarter. California State Teachers Retirement System now owns 18,510 shares of the specialty retailer’s stock valued at $469,000 after acquiring an additional 1,188 shares during the period. Franklin Resources Inc. increased its holdings in shares of MarineMax by 65.9% in the third quarter. Franklin Resources Inc. now owns 21,998 shares of the specialty retailer’s stock worth $557,000 after acquiring an additional 8,741 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of MarineMax by 1.7% in the second quarter. Public Sector Pension Investment Board now owns 64,415 shares of the specialty retailer’s stock worth $1,619,000 after acquiring an additional 1,077 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of MarineMax by 3.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 22,400 shares of the specialty retailer’s stock worth $563,000 after purchasing an additional 646 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.