Marine Products (MPX) to Release Quarterly Earnings on Thursday

Marine Products (NYSE:MPX) will post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Marine Products to post earnings of $0.08 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Marine Products (NYSE:MPX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The firm had revenue of $69.55 million during the quarter. Marine Products had a net margin of 9.04% and a return on equity of 17.86%. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, analysts expect Marine Products to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Marine Products Stock Performance

MPX opened at $9.38 on Tuesday. The firm’s fifty day moving average is $9.47 and its two-hundred day moving average is $10.09. The firm has a market cap of $325.33 million, a PE ratio of 9.29 and a beta of 1.23. Marine Products has a twelve month low of $8.86 and a twelve month high of $13.74.

Marine Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.97%. The ex-dividend date of this dividend was Friday, August 9th. Marine Products’s payout ratio is presently 55.45%.

Analysts Set New Price Targets

Separately, DA Davidson lowered their price target on Marine Products from $11.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, August 12th.

About Marine Products

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.