B. Riley Brokers Cut Earnings Estimates for MarineMax, Inc. (NYSE:HZO)

MarineMax, Inc. (NYSE:HZO) – B. Riley reduced their FY2024 EPS estimates for MarineMax in a research note issued on Wednesday, October 9th. B. Riley analyst E. Wold now forecasts that the specialty retailer will post earnings per share of $2.03 for the year, down from their prior estimate of $2.20. B. Riley currently has a “Buy” rating and a $46.00 price target 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 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.55 EPS, Q3 2026 earnings at $2.05 EPS, Q4 2026 earnings at $0.71 EPS and FY2026 earnings at $3.63 EPS.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share 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 net margin of 2.00% and a return on equity of 6.26%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.07 earnings per share.

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

MarineMax Price Performance

Shares of NYSE:HZO opened at $31.46 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.36 and a debt-to-equity ratio of 0.37. MarineMax has a twelve month low of $22.51 and a twelve month high of $39.85. The company’s 50 day moving average is $31.77 and its 200 day moving average is $31.02. The company has a market cap of $702.08 million, a PE ratio of 14.39 and a beta of 1.82.

Institutional Investors Weigh In On MarineMax

A number of large investors have recently modified their holdings of HZO. Broad Bay Capital Management LP lifted its holdings in MarineMax by 34.1% during the 4th quarter. Broad Bay Capital Management LP now owns 704,034 shares of the specialty retailer’s stock worth $27,387,000 after buying an additional 179,034 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of MarineMax by 50.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 84,967 shares of the specialty retailer’s stock worth $3,305,000 after purchasing an additional 28,467 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MarineMax by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock worth $46,767,000 after purchasing an additional 110,601 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of MarineMax by 60.0% in the 2nd quarter. Victory Capital Management Inc. now owns 55,243 shares of the specialty retailer’s stock worth $1,788,000 after purchasing an additional 20,724 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of MarineMax by 22.7% in the 2nd quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock worth $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.

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.