Marine Products (NYSE:MPX) Announces Earnings Results
Marine Products (NYSE:MPX) announced its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02, MarketWatch Earnings reports. Marine Products had a return on equity of 31.68% and a net margin of 9.31%.
MPX stock traded down $0.08 during midday trading on Thursday, hitting $15.09. 3,704 shares of the company’s stock were exchanged, compared to its average volume of 54,612. The stock’s fifty day moving average price is $13.93 and its 200-day moving average price is $11.91. The company has a market cap of $593.84 million, a PE ratio of 20.81 and a beta of 1.18. Marine Products has a one year low of $6.77 and a one year high of $18.51.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, August 7th. This represents a $0.32 annualized dividend and a yield of 2.12%. Marine Products’s dividend payout ratio is presently 38.55%.
About Marine Products
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. The company provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex jet boats and the Surf Series, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats.
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