MarineMax (NYSE:HZO) Posts Earnings Results, Beats Estimates By $0.06 EPS

MarineMax (NYSE:HZO) released its quarterly earnings data on Thursday. The specialty retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06, Briefing.com reports. The company had revenue of $563.10 million during the quarter, compared to the consensus estimate of $576.49 million. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. MarineMax updated its FY 2025 guidance to 1.800-2.800 EPS and its FY25 guidance to $1.80-2.80 EPS.

MarineMax Price Performance

Shares of NYSE HZO traded down $0.16 during trading on Friday, reaching $28.97. The company had a trading volume of 276,454 shares, compared to its average volume of 310,269. MarineMax has a 52 week low of $22.51 and a 52 week high of $39.85. The stock has a market cap of $646.55 million, a PE ratio of 13.47 and a beta of 1.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 1.20. The business’s 50 day moving average price is $31.96 and its 200-day moving average price is $31.06.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HZO shares. DA Davidson raised their price objective on shares of MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. B. Riley cut their price target on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Benchmark initiated coverage on shares of MarineMax in a report on Tuesday, October 15th. They set a “buy” rating and a $40.00 price target for the company. Finally, Truist Financial lifted their price target on shares of MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.83.

About MarineMax

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.