Marine Products (MPX) Scheduled to Post Quarterly Earnings on Thursday

Marine Products (NYSE:MPX) will be announcing its earnings results before the market opens on Thursday, April 25th. Investors that wish to register for the company’s conference call can do so using this link.

Marine Products (NYSE:MPX) last posted its earnings results on Thursday, January 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). Marine Products had a net margin of 10.87% and a return on equity of 28.84%. The firm had revenue of $70.87 million during the quarter. During the same quarter last year, the firm earned $0.35 earnings per share.

Marine Products Trading Down 1.8 %

Marine Products stock opened at $11.13 on Tuesday. Marine Products has a 12 month low of $9.18 and a 12 month high of $17.81. The stock’s 50 day moving average is $10.91 and its 200-day moving average is $10.98. The company has a market capitalization of $386.02 million, a price-to-earnings ratio of 9.12 and a beta of 1.26.

Marine Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 9th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.03%. The ex-dividend date was Thursday, February 8th. Marine Products’s payout ratio is 45.90%.

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.