Marine Products (MPX) Set to Announce Quarterly Earnings on Thursday

Marine Products (NYSE:MPX) is set to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Marine Products to post earnings of $0.08 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Marine Products (NYSE:MPX) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Marine Products had a net margin of 9.04% and a return on equity of 17.86%. The business had revenue of $69.55 million for the quarter. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, analysts expect Marine Products to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Marine Products Stock Performance

Shares of MPX opened at $9.38 on Wednesday. Marine Products has a 12 month low of $8.86 and a 12 month high of $13.74. The firm has a market cap of $325.33 million, a PE ratio of 9.29 and a beta of 1.23. The stock has a fifty day moving average price of $9.47 and a 200-day moving average price of $10.07.

Marine Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, August 9th. This represents a $0.56 dividend on an annualized basis and a yield of 5.97%. Marine Products’s payout ratio is 55.45%.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their price objective on shares of Marine Products from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, August 12th.

Marine Products Company Profile

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.