For its third fiscal quarter (ending June 30), MarineMax Inc (NYSE: HZO) has reported a -30% decline in E.P.S. from $2.03 a year ago to $1.42 in the current quarter. This result fell short of the consensus estimate of $1.45 by $-0.03. For the latest four quarters through June 30, E.P.S. were $2.22 versus $6.09 for the same period a year ago — a decline of -64%.
Recent Price Action
On 7/25/24, MarineMax Inc (NYSE: HZO) stock enjoyed a major increase of 17.2%, closing at $37.10. Moreover, exceptionally high trading volume at 277% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 2.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, HZO is expected to be Value Creation neutral.
MarineMax has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MarineMax has a good Appreciation Score of 76 but a poor Power Rating of 20, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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