Marine Products Corporation (NYSE:MPX) is scheduled to report Q4 earnings results on Wednesday, January 29, 2020, before the market opens. The earnings conference call is scheduled for the same morning at 8:00 a.m.
The company is expected to report earnings of $0.12/share on revenue of $60.079 million. The consensus earnings per share (EPS) of $0.12/share is based on a poll of 1 analyst.
The revenue forecast of $60.079 million based on a poll of 1 analyst implies a year-over-year (YoY) decline of -3.2%. Last year the company reported $62.062 million in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Management has been great at managing analyst expectations historically. The company has a perfect record over the last 1 tracked quarter of exceeding earnings guidance.
What are your expectations from Marine Products for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report.
After the last earnings report for the period ending September 30, 2019, the stock price reacted by falling by -2.1%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
Fundamentals And Technical Analysis
Marine Products is currently trading at $14.05/share, down -1.3% for the day. The company is trading at approximately 76.2% of its 52-week high of $18.43/share. The company’s stock price is up 4.4% since the last earnings report and down -1.4% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 47.40 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 16.4x and a forward P/E multiple of 16.8x. Marine Products’ current share price also implies a price-to-book (P/B) multiple of 5.9x. The following table summarizes some other key fundamental ratios:
|Last Fiscal Period||FY2019.Q3|
|Period End Date||September 30, 2019|
|Stock Price (Current)||$14.05|
|P/E Ratio (Fwd)||16.8x|
|Total Debt to Capital (%)||0.0%|
|Levered Free Cash Flow||$30.409 million|
|Enterprise Value / EBITDA||12.1x|
Company Profile: Marine Products Corporation
Marine Products Corporation is a small-cap stock with a market capitalization of $483.3 million and a total enterprise value of $460.4 million. The company operates in the Consumer Discretionary sector and the Leisure Products industry.
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide.
The company provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex jet boats, and the Surf Series, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats.
It sells its products to a network of 168 domestic and 86 international independent authorized dealers. The company was founded in 1965 and is based in Atlanta, Georgia.