MarineMax, Inc. (NYSE:HZO) Overview and Analyst Insights
- The consensus price target for MarineMax, Inc. (NYSE:HZO) has decreased over the past year, indicating a cautious outlook from analysts.
- Despite challenges from hurricanes, MarineMax reported a strong fiscal fourth-quarter performance with a gross profit margin of 34.3% and net income of $4 million.
- MarineMax's earnings beat and strategic expansions suggest a potential undervaluation by the market, with an estimated 53% upside to a fair value of $49.34.
MarineMax, Inc. (NYSE:HZO) is a leading company in the recreational boat and yacht retail industry in the United States. It offers a variety of products and services, including new and used boats, marine parts, accessories, and yacht charters. The company operates through its Retail Operations and Product Manufacturing segments, with a strong presence of 79 retail locations across various states.
The consensus price target for MarineMax's stock has seen a shift over the past year. A year ago, the average price target was $41.14, but it has decreased to $35 in the last quarter and last month. This decline suggests a more cautious outlook from analysts. However, Raymond James has set a higher price target of $74, indicating confidence in the company's future growth prospects.
MarineMax's fiscal fourth-quarter results were impacted by Hurricane Helene and Hurricane Milton, yet the company's underlying performance remained strong. Despite a decline in same-store sales by 5%, the company achieved a gross profit margin of 34.3% and a net income of $4 million. This performance reflects effective cost control and strategic acquisitions, which contribute to a promising long-term earnings outlook.
The company reported quarterly earnings of $0.24 per share, surpassing the Zacks Consensus Estimate of $0.18 per share. Although this is a decrease from the $0.69 per share reported in the same quarter last year, it still indicates a positive performance relative to analyst forecasts. This earnings beat suggests that MarineMax is managing challenges effectively.
Despite the anticipated decline in Q1 earnings, MarineMax's expansion of high-margin businesses and vertical integration are expected to drive future growth. The market seems to undervalue MarineMax's earnings potential, with an estimated 53% upside to a fair value of $49.34. Investors should consider these factors when evaluating the company's stock and its potential future performance.
| Symbol | Price | %chg |
|---|---|---|
| BELI.JK | 412 | 0.97 |
| MAPA.JK | 725 | -2.07 |
| BUKA.JK | 145 | -0.69 |
| ACES.JK | 525 | -0.95 |
MarineMax, Inc. (NYSE: HZO) Analyst Sets Price Target Amid Upcoming Financial Results
- Analyst Brandon Rolle from D.A. Davidson sets a price target of $35 for MarineMax, Inc. (NYSE: HZO), indicating a potential upside of approximately 23.76%.
- MarineMax's stock currently trades at $28.26, with a year's trading range between $22.51 and $38.20, showcasing volatility.
- The company is preparing to release its first quarter fiscal 2025 financial results, which could significantly impact investor sentiment and stock performance.
MarineMax, Inc. (NYSE: HZO) is a leading company in the recreational boating industry, offering services for boats, yachts, and superyachts. As the largest in its field, MarineMax provides a wide range of services and products to boating enthusiasts. The company competes with other marine service providers, but its extensive network and comprehensive offerings set it apart.
On January 22, 2025, analyst Brandon Rolle from D.A. Davidson set a price target of $35 for MarineMax. At that time, the stock was trading at $28.28, suggesting a potential upside of approximately 23.76%. This optimistic outlook comes as MarineMax prepares to release its first quarter fiscal 2025 financial results, which could influence investor sentiment.
Currently, MarineMax's stock is priced at $28.26, reflecting a slight decrease of 1.12% with a change of $0.32. The stock has fluctuated between $27.98 and $28.81 today. Over the past year, it has seen a high of $38.20 and a low of $22.51, indicating some volatility in its trading pattern.
MarineMax has a market capitalization of approximately $641.28 million, which reflects the total market value of its outstanding shares. The trading volume stands at 97,360 shares, showing the level of investor interest and activity in the stock. As the company prepares for its financial results announcement, these figures may see changes based on market reactions.
The upcoming financial results will be announced before the New York Stock Exchange opens on January 23, 2025. A conference call will follow, hosted by CEO Brett McGill and CFO Mike McLamb. Investors can access the call via a webcast on the company's website, with a replay available shortly after, providing insights into the company's performance and future prospects.
