Headlines about MarineMax (NYSE:HZO) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MarineMax earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 46.5639715106431 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Brokerages Expect MarineMax Inc (HZO) Will Post Quarterly Sales of $230.81 Million (americanbankingnews.com)
- -$0.01 EPS Expected for MarineMax Inc (HZO) This Quarter (americanbankingnews.com)
- MarineMax (HZO) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
- TheStreet Downgrades MarineMax (HZO) to C+ (americanbankingnews.com)
Several research analysts recently commented on HZO shares. TheStreet raised MarineMax from a “c+” rating to a “b” rating in a research report on Thursday, December 7th. B. Riley set a $20.00 target price on MarineMax and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Forward View cut MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Craig Hallum set a $21.00 target price on MarineMax and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Citigroup raised their target price on 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 assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.00.
MarineMax (NYSE HZO) traded down $0.50 during trading on Wednesday, reaching $19.10. The company’s stock had a trading volume of 307,100 shares, compared to its average volume of 258,470. MarineMax has a 1 year low of $13.80 and a 1 year high of $23.65. The firm has a market capitalization of $520.23, a price-to-earnings ratio of 19.90, a P/E/G ratio of 0.56 and a beta of 1.05.
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, topping the consensus estimate of $0.11 by $0.11. MarineMax had a return on equity of 7.82% and a net margin of 2.24%. The firm had revenue of $250.62 million during the quarter, compared to analyst estimates of $231.96 million. During the same period in the prior year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. sell-side analysts forecast that MarineMax will post 1.17 earnings per share for the current fiscal year.
In other MarineMax news, Chairman William H. Mcgill, Jr. sold 35,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $21.03, for a total transaction of $736,050.00. Following the completion of the transaction, the chairman now directly owns 281,640 shares in the company, valued at $5,922,889.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael H. Mclamb sold 10,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $21.10, for a total value of $211,000.00. Following the transaction, the vice president now owns 21,500 shares of the company’s stock, valued at $453,650. The disclosure for this sale can be found here. Insiders have sold 96,900 shares of company stock valued at $2,083,440 over the last quarter. Corporate insiders own 4.40% 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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