Wall Street brokerages expect MarineMax Inc (NYSE:HZO) to report $230.81 million in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for MarineMax’s earnings. The highest sales estimate is $246.20 million and the lowest is $217.50 million. MarineMax reported sales of $226.88 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The business is scheduled to announce its next earnings report on Tuesday, January 23rd.

On average, analysts expect that MarineMax will report full-year sales of $230.81 million for the current year, with estimates ranging from $1.12 billion to $1.14 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.21 billion per share, with estimates ranging from $1.20 billion to $1.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow MarineMax.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. The company had revenue of $250.62 million during the quarter, compared to analysts’ expectations of $231.96 million. MarineMax had a net margin of 2.24% and a return on equity of 7.82%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS.

Several equities research analysts have recently weighed in on the stock. TheStreet raised shares of MarineMax from a “c+” rating to a “b” rating in a research report on Thursday, December 7th. B. Riley set a $20.00 price target on shares of MarineMax and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Forward View cut shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Craig Hallum set a $21.00 price target on shares of MarineMax and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Citigroup upped their price target on shares of MarineMax from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $21.00.

Shares of MarineMax (NYSE:HZO) opened at $19.10 on Wednesday. The stock has a market cap of $520.23, a PE ratio of 19.90, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05. MarineMax has a 52-week low of $13.80 and a 52-week high of $23.65.

In other news, CEO William H. Mcgill, Jr. sold 5,400 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.00, for a total value of $118,800.00. Following the completion of the sale, the chief executive officer now owns 262,142 shares of the company’s stock, valued at approximately $5,767,124. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hilliard M. Eure sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.00, for a total transaction of $52,500.00. The disclosure for this sale can be found here. Insiders sold a total of 96,900 shares of company stock valued at $2,083,440 in the last ninety days. Corporate insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System bought a new position in shares of MarineMax during the 4th quarter worth approximately $193,000. Thomson Horstmann & Bryant Inc. raised its stake in shares of MarineMax by 57.1% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 617,054 shares of the specialty retailer’s stock worth $11,662,000 after acquiring an additional 224,397 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of MarineMax during the 3rd quarter worth approximately $380,000. Coe Capital Management LLC raised its stake in shares of MarineMax by 43.0% during the 3rd quarter. Coe Capital Management LLC now owns 52,875 shares of the specialty retailer’s stock worth $875,000 after acquiring an additional 15,910 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new position in shares of MarineMax during the 3rd quarter worth approximately $182,000. Hedge funds and other institutional investors own 88.30% of the company’s stock.

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MarineMax Company Profile

MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.

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Earnings History and Estimates for MarineMax (NYSE:HZO)

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