MarineMax (NYSE:HZO) Releases Earnings Results, Misses Estimates By $0.01 EPS

by · The Cerbat Gem

MarineMax (NYSE:HZO – Get Free Report) posted its quarterly earnings data on Thursday. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01), Zacks reports. The firm had revenue of $611.26 million during the quarter, compared to analysts’ expectations of $682.29 million. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.MarineMax’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.42) earnings per share. MarineMax updated its FY 2026 guidance to 0.400-0.950 EPS.

Here are the key takeaways from MarineMax’s conference call:

  • MarineMax said fiscal Q3 gross margin expanded 530 basis points to 35.7%, driven by better boat margins, a stronger mix of higher-margin businesses, and disciplined inventory management.
  • Revenue fell to $611 million and same-store sales declined 7%, reflecting continued softness in boat sales and a challenging retail environment across the industry.
  • The company highlighted stronger performance from its recurring, higher-margin businesses, including parts and service, finance and insurance, marina operations, Superyacht, and Newcoast Financial Services.
  • MarineMax completed a refinancing of all term debt on improved terms, extending maturities to 2031 and boosting financial flexibility as it pursues selective growth opportunities.
  • Management reaffirmed full-year fiscal 2026 guidance for adjusted EBITDA of $110 million to $125 million and adjusted EPS of $0.40 to $0.95, while lowering expectations for industry unit volumes and same-store sales as market conditions remain uneven.

MarineMax Trading Up 1.6%

NYSE HZO opened at $33.46 on Friday. MarineMax has a fifty-two week low of $21.41 and a fifty-two week high of $38.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.32 and a current ratio of 1.18. The stock has a 50 day simple moving average of $34.52 and a two-hundred day simple moving average of $30.59. The stock has a market cap of $737.08 million, a P/E ratio of -11.38 and a beta of 1.58.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Truist Financial lifted their target price on shares of MarineMax from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Citigroup reiterated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. B. Riley Financial cut shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Tuesday. Finally, Northcoast Research set a $39.00 price target on shares of MarineMax in a report on Friday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.40.

Get Our Latest Research Report on MarineMax

Hedge Funds Weigh In On MarineMax

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in MarineMax by 6.9% in the first quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock worth $3,027,000 after acquiring an additional 9,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in MarineMax by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 546 shares during the period. Jones Financial Companies Lllp bought a new position in MarineMax in the 1st quarter worth $168,000. Goldman Sachs Group Inc. raised its holdings in MarineMax by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock worth $7,496,000 after purchasing an additional 142,775 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of MarineMax by 115.6% in the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after purchasing an additional 383,926 shares during the period. Institutional investors own 92.85% of the company’s stock.

MarineMax News Roundup

Here are the key news stories impacting MarineMax this week:

About MarineMax

(Get Free Report)

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.

Read More