MarineMax (NYSE:HZO) Issues FY25 Earnings Guidance

MarineMax (NYSE:HZO) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.80-2.80 for the period, compared to the consensus earnings per share estimate of $2.92. MarineMax also updated its FY 2025 guidance to 1.800-2.800 EPS.

MarineMax Trading Down 0.5 %

Shares of NYSE:HZO traded down $0.16 during midday trading on Friday, reaching $28.97. 276,454 shares of the company’s stock were exchanged, compared to its average volume of 269,197. The stock has a market cap of $646.61 million, a price-to-earnings ratio of 17.56 and a beta of 1.85. MarineMax has a fifty-two week low of $22.51 and a fifty-two week high of $39.85. The firm’s 50 day simple moving average is $31.96 and its two-hundred day simple moving average is $31.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.36.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The business had revenue of $563.10 million during the quarter, compared to analysts’ expectations of $576.49 million. During the same period last year, the business earned $0.69 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that MarineMax will post 2.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on HZO. B. Riley decreased their price target on MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and raised their target price for the company from $40.00 to $44.00 in a report on Monday, September 9th. Benchmark assumed coverage on MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price for the company. Truist Financial increased their price target on shares of MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus lifted their price objective on shares of MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.