Free Research Report as MarineMax’s Q1 Pre-Tax Earnings Rose 44%

Stock Monitor: Capstar Financial Holdings Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 31, 2018 / Active-Investors.com has just released a free earnings report on MarineMax, Inc. (NYSE: HZO). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HZO. The Company released its financial results on January 24, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Clearwater, Florida-based Company's revenue and pre-tax earnings grew 4.4% and 44% y-o-y, respectively. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Capstar Financial Holdings, Inc. (NASDAQ: CSTR), which also belongs to the Services sector as the Company MarineMax. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, MarineMax most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=HZO

Earnings Highlights and Summary

MarineMax reported revenues of $236.92 million in Q1 FY18, which were above the $226.88 million recorded in Q1 FY17. The Company's net sales numbers topped market consensus estimates of $230.8 million.

The discount retailer's net income came in at $4.21 million, or $0.19 per diluted share, for Q1 FY18 compared to $2.64 million, or $0.11 per diluted share, in Q1 FY17. The Company recorded an income tax provision due to the new tax legislation of $889,000, or $0.04 per diluted share. Excluding the one-time charges, the Company's diluted earnings per share (EPS) would have been $0.23 in the quarter ended December 31, 2017. The Company's adjusted net income per diluted share topped Wall Street's expectations for a net loss of $0.01 per diluted share.

Operating Metrics

For Q1 FY18, the Company's cost of sales was $177.67 million compared to $173.74 million in Q1 FY17. The gross profit came in at $59.25 million for the reported quarter compared to $53.14 million in the year ago same period. MarineMax's selling, general, and administrative expenses (SG&A) stood at $50.25 million for Q1 FY18 compared to $47.10 million in Q1 FY17.

During the reported quarter, the Company's interest expenses increased to $2.54 million from $1.57 million in the last year's comparable quarter. Meanwhile, income before income tax provision stood at $6.46 million in Q1 FY18 versus $4.47 million in Q1 FY17.

Cash Flow and Balance Sheet

As on December 31, 2017, the Company had a cash and cash equivalents balance of $35.57 million compared to $37.08 million as on December 31, 2016. The Company had long-term liabilities amounting to $2.79 million as on December 31, 2017, compared to $2.41 million as on December 31, 2016. Furthermore, net inventories stood at $440.72 million as of December 31, 2017, compared to $363.62 million at the end of the first quarter of FY17.

Earnings Outlook

For the full year FY18, MarineMax raised its forecasts for diluted EPS to $1.30 - $1.40 from the previous guidance range of $1.10 - $1.20.

Stock Performance Snapshot

January 30, 2018 - At Tuesday's closing bell, MarineMax's stock dropped 1.29%, ending the trading session at $23.00.

Volume traded for the day: 333.97 thousand shares.

Stock performance in the last month – up 18.56%; previous three-month period – up 45.11%; past twelve-month period – up 13.30%; and year-to-date – up 21.69%

After yesterday's close, MarineMax's market cap was at $609.50 million.

Price to Earnings (P/E) ratio was at 22.37.

The stock is part of the Services sector, categorized under the Specialty Retail, Other industry.

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