Q4 2024 EPS Estimates for MarineMax, Inc. (NYSE:HZO) Decreased by Analyst

MarineMax, Inc. (NYSE:HZO) – Equities research analysts at B. Riley lowered their Q4 2024 earnings estimates for MarineMax in a research report issued to clients and investors on Wednesday, October 9th. B. Riley analyst E. Wold now expects that the specialty retailer will earn $0.15 per share for the quarter, down from their prior forecast of $0.32. B. Riley has a “Buy” rating and a $46.00 price objective on the stock. The consensus estimate for MarineMax’s current full-year earnings is $2.28 per share. B. Riley also issued estimates for MarineMax’s Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.54 EPS and FY2025 earnings at $2.72 EPS.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.16. The company had revenue of $757.72 million during the quarter, compared to analyst estimates of $720.30 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.07 earnings per share.

Other analysts also recently issued research reports about the company. Truist Financial raised their price objective on MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and boosted their price target for the company from $40.00 to $44.00 in a report on Monday, September 9th. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. DA Davidson lifted their target price on shares of MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus increased their price target on shares of MarineMax from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, MarineMax has a consensus rating of “Moderate Buy” and an average price target of $42.20.

MarineMax Stock Up 5.9 %

NYSE HZO opened at $31.45 on Friday. MarineMax has a twelve month low of $22.51 and a twelve month high of $39.85. The stock has a market cap of $701.37 million, a PE ratio of 11.39 and a beta of 1.82. The firm has a 50-day simple moving average of $31.76 and a 200 day simple moving average of $31.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 1.20.

Institutional Trading of MarineMax

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in MarineMax by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,468,991 shares of the specialty retailer’s stock valued at $48,859,000 after acquiring an additional 29,473 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of MarineMax by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock valued at $46,767,000 after buying an additional 110,601 shares during the period. Levin Capital Strategies L.P. increased its holdings in MarineMax by 140.6% during the 1st quarter. Levin Capital Strategies L.P. now owns 1,045,514 shares of the specialty retailer’s stock worth $34,774,000 after purchasing an additional 610,994 shares in the last quarter. Private Management Group Inc. raised its position in MarineMax by 6.8% in the 2nd quarter. Private Management Group Inc. now owns 478,990 shares of the specialty retailer’s stock valued at $15,505,000 after buying an additional 30,677 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of MarineMax by 22.7% in the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after purchasing an additional 74,451 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

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.