Marine Products (MPX) to Release Earnings on Thursday

Marine Products (NYSE:MPX) is anticipated to release its earnings data before the market opens on Thursday, April 24th. Analysts expect Marine Products to post earnings of $0.08 per share and revenue of $65.90 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Marine Products (NYSE:MPX) last released its earnings results on Thursday, January 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. Marine Products had a return on equity of 13.08% and a net margin of 7.55%. 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

Shares of MPX opened at $8.09 on Thursday. The firm has a market cap of $282.83 million, a PE ratio of 16.51 and a beta of 1.03. Marine Products has a 52-week low of $7.49 and a 52-week high of $12.47. The business’s 50 day moving average price is $8.43 and its two-hundred day moving average price is $9.11.

Marine Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.92%. Marine Products’s payout ratio is presently 114.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Marine Products from a “hold” rating to a “buy” rating in a research note on Friday, January 31st.

Marine Products Company Profile

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.