Marine Products (NYSE:MPX) Posts Earnings Results, Beats Estimates By $0.07 EPS

Marine Products (NYSE:MPX) issued its quarterly earnings data on Thursday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07, Zacks reports. Marine Products had a return on equity of 13.55% and a net margin of 7.32%.

Marine Products Price Performance

Shares of Marine Products stock traded up $0.24 during trading on Thursday, hitting $9.20. 13,010 shares of the stock were exchanged, compared to its average volume of 28,002. The stock has a market cap of $319.33 million, a price-to-earnings ratio of 17.36 and a beta of 1.23. The firm’s 50-day moving average price is $9.36 and its 200 day moving average price is $9.55. Marine Products has a 12-month low of $8.67 and a 12-month high of $12.47.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Marine Products from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th.

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.