MarineMax (NYSE:HZO) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.69. MarineMax also updated its FY 2019 guidance to $1.85-1.95 EPS.
Shares of HZO traded up $2.90 during midday trading on Tuesday, hitting $21.87. 66,066 shares of the company traded hands, compared to its average volume of 236,813. MarineMax has a 52 week low of $15.05 and a 52 week high of $25.05. The company has a market capitalization of $509.21 million, a PE ratio of 21.60 and a beta of 1.30.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, October 30th. The specialty retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.24 by $0.21. MarineMax had a net margin of 2.83% and a return on equity of 10.83%. The business had revenue of $308.59 million during the quarter, compared to the consensus estimate of $273.60 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue was up 23.1% on a year-over-year basis. As a group, analysts forecast that MarineMax will post 1.51 earnings per share for the current year.
In related news, Director Joseph Allen Watters sold 2,500 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $21.17, for a total value of $52,925.00. Following the completion of the transaction, the director now owns 62,413 shares of the company’s stock, valued at approximately $1,321,283.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by company insiders.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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