MarineMax (NYSE:HZO) Updates FY25 Earnings Guidance

MarineMax (NYSE:HZO) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.80-2.80 for the period, compared to the consensus earnings per share estimate of $2.92. MarineMax also updated its FY 2025 guidance to 1.800-2.800 EPS.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HZO. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and lifted their price target for the company from $40.00 to $44.00 in a research report on Monday, September 9th. Benchmark initiated coverage on MarineMax in a report on Tuesday, October 15th. They set a “buy” rating and a $40.00 price target for the company. DA Davidson upped their price target on shares of MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. Finally, B. Riley dropped their target price on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Trading Up 3.3 %

NYSE:HZO traded up $0.98 during mid-day trading on Thursday, hitting $31.02. 21,524 shares of the stock traded hands, compared to its average volume of 308,531. The company has a quick ratio of 0.36, a current ratio of 1.20 and a debt-to-equity ratio of 0.37. MarineMax has a 52 week low of $22.51 and a 52 week high of $39.85. The stock has a market capitalization of $691.78 million, a price-to-earnings ratio of 10.88 and a beta of 1.82. The firm’s 50 day moving average is $32.04 and its two-hundred day moving average is $31.07.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $563.10 million for the quarter, compared to the consensus estimate of $576.49 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. On average, equities research analysts predict that MarineMax will post 2.06 earnings per share for the current year.

MarineMax Company Profile

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.