MarineMax Inc (HZO) Releases Earnings Results, Beats Expectations By $0.12 EPS

MarineMax Inc (HZO) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.45. The company posted revenue of $345.59 million in the period, compared to analysts expectations of $269.43 million. The company’s revenue was up 49.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

MarineMax Inc opened for trading at $18.86 and hit $19.33 on the upside on Wednesday, eventually ending the session at $19.31, with a gain of 2.93% or 0.55 points. The heightened volatility saw the trading volume jump to 2,11,401 shares. Company has a market cap of $496 M.

In a different news, on Apr 28, 2016, Paulee C Day (EVP & Chief Legal Officer) sold 1,515 shares at $20.11 per share price. According to the SEC, on Apr 28, 2016, Michael H Mclamb (Executive VP, CFO and Sec) sold 2,463 shares at $20.11 per share price. On Apr 28, 2016, W Brett Mcgill (EVP Operations) sold 2,463 shares at $20.11 per share price, according to the Form-4 filing with the securities and exchange commission.

MarineMax Inc. is a recreational boat dealer in the United States. Through 54 retail locations in Alabama Arizona California Colorado Connecticut Florida Georgia Kansas Maryland Minnesota Missouri New Jersey New York North Carolina Ohio Oklahoma Rhode Island Tennessee and Texas the Company sells new and used recreational boats including pleasure and fishing boats. The Company also provides repair maintenance and slip and storage services; arrange related boat financing insurance and extended service contracts; offers boat and yacht brokerage services and operates a yacht charter business. It is also retailer of Sea Ray Boston Whaler Bayliner Cabo Hatteras and Meridian recreational boats and yachts all of which are manufactured by Brunswick Corporation (Brunswick).

MarineMax Inc

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