Marine Products (MPX) Set to Announce Quarterly Earnings on Thursday

Marine Products (NYSE:MPX) will announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Marine Products (NYSE:MPX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Marine Products had a net margin of 9.04% and a return on equity of 17.86%. The firm had revenue of $69.55 million for the quarter. During the same period last year, the company posted $0.42 earnings per share. 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 Price Performance

Shares of MPX opened at $9.92 on Thursday. The firm has a 50-day moving average of $9.44 and a 200-day moving average of $10.14. The company has a market cap of $344.06 million, a PE ratio of 9.82 and a beta of 1.23. Marine Products has a one year low of $8.86 and a one year high of $14.16.

Marine Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend was Friday, August 9th. Marine Products’s payout ratio is currently 55.45%.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their price objective on Marine Products from $11.00 to $8.00 and set a “neutral” rating for the company in a research 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.