Marine Products Corporation (MPX)
Market Cap | 324.22M |
Revenue (ttm) | 259.61M |
Net Income (ttm) | 19.01M |
Shares Out | 34.71M |
EPS (ttm) | 0.53 |
PE Ratio | 17.62 |
Forward PE | 19.46 |
Dividend | $0.56 (6.00%) |
Ex-Dividend Date | Nov 8, 2024 |
Volume | 35,887 |
Open | 9.13 |
Previous Close | 9.25 |
Day's Range | 9.13 - 9.44 |
52-Week Range | 8.86 - 12.47 |
Beta | 1.20 |
Analysts | Hold |
Price Target | 8.00 (-14.35%) |
Earnings Date | Jan 23, 2025 |
About MPX
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. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. The company sells its products to a networ... [Read more]
Financial Performance
In 2023, Marine Products's revenue was $383.73 million, an increase of 0.72% compared to the previous year's $381.00 million. Earnings were $41.70 million, an increase of 3.34%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for MPX stock is "Hold" and the 12-month stock price forecast is $8.0.
News
Marine Products: Uncertainty Persists With Slight Optimism After Q3 Weakness
Marine Products' Q3 results were weak amid industry turbulence. The company slightly underperformed peers in the quarter, but the underperformance fell within short-term turbulence. The industry outlo...
Marine Products Corporation (MPX) Q3 2024 Earnings Call Transcript
Marine Products Corporation (NYSE:MPX) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Ben Palmer - President and CEO Mike Schmit - Chief Financial Officer Conferenc...
Marine Products Corporation Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
ATLANTA , Oct. 24, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) (the "Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the third quarter ended...
Chaparral and Robalo Boats Form Exclusive Agreement with Yamaha Financial Services
KENNESAW, Ga.--(BUSINESS WIRE)--Chaparral and Robalo Boats, in partnership with Yamaha Motor Finance Corporation, U.S.A. (Yamaha Financial Services), are excited to announce a new multi-year exclusive...
Marine Products Corporation Announces Date for Third Quarter 2024 Financial Results and Conference Call
ATLANTA , Oct. 7, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Thursday, Oc...
Marine Products: In The Midst Of A Rough Patch But Still Profitable
The current company's quarterly dividend represents an annual dividend yield of close to 6%. Earlier this year, the company paid a massive special dividend in combination with the regular quarterly di...
Marine Products Corporation (MPX) Q2 2024 Earnings Call Transcript
Marine Products Corporation (NYSE:MPX) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Ben Palmer - President and CEO Mike Schmit - Chief Financial Officer Conference C...
Marine Products Corporation Reports Second Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
ATLANTA , July 25, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) ("the Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the second quarter ende...
Marine Products Corporation Announces Date for Second Quarter 2024 Financial Results and Conference Call
ATLANTA , July 10, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Thursday, July ...
Marine Products: Cheap, Resilient Cash Flows During Industry Turbulence (Rating Upgrade)
MPX's revenue declines in Q4 and Q1 have been deeper than previously anticipated as industry challenges persist. Excess dealership inventories and weak consumer confidence continue to ravage demand, b...
Marine Products Corporation (MPX) Q1 2024 Earnings Call Transcript
Marine Products Corporation (MPX) Q1 2024 Earnings Call Transcript
Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special Dividend
ATLANTA , April 25, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) ("the Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the first quarter ende...
Marine Products Corporation Announces Date for First Quarter 2024 Financial Results and Conference Call
ATLANTA , April 4, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the first quarter ended March 31, 2024 on Thursday, April...
The Bottom Fishing Club: Possibly The Lowest Valuation Ever For Marine Products
Marine Products is a Georgia-based manufacturer of smaller fishing and seaside excursion boats, with a leading market position. The company has enjoyed strong returns and margins since 2021, with zero...
Marine Products Corporation (MPX) Q4 2023 Earnings Call Transcript
Marine Products Corporation (MPX) Q4 2023 Earnings Call Transcript
Marine Products Corporation Reports Fourth Quarter And Full Year 2023 Financial Results And Declares Regular Quarterly Cash Dividend
ATLANTA , Jan. 25, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) ("the Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the fourth quarter and ...
Marine Products Corporation Announces Date for Fourth Quarter 2023 Financial Results and Conference Call
ATLANTA , Jan. 9, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the fourth quarter ended December 31, 2023 on Thursday, Ja...
Marine Products: Quiet Compounder And Potential M&A Target
Marine Products has achieved impressive growth, with revenue growing +10% and EBITDA +20% during the last decade. The company has benefited from a market-leading brand, as well as strong technological...
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Marine Products Corporation (MPX) Q3 2023 Earnings Call Transcript
Marine Products Corporation (NYSE:MPX) Q3 2023 Earnings Conference Call October 25, 2023 8:00 AM ET Company Participants Mike Schmit - Chief Financial Officer Ben Palmer - President & Chief Executive...
Marine Products Corporation Announces Regular Quarterly Cash Dividend
ATLANTA , Oct. 25, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share payable Decemb...
Marine Products Corporation Reports Third Quarter 2023 Financial Results
ATLANTA , Oct. 25, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended September 30, 2023. Marine Products is a leading manufacturer of f...
Marine Products Corporation Announces Date for Third Quarter 2023 Financial Results and Conference Call
ATLANTA , Oct. 3, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2023 on Wednesday, O...
Marine Products: Strong Financial Metrics, Moderate Revenue Growth
Marine Products is a strong candidate for a long-term position due to its strong financial metrics and moderate revenue growth. The company's revenue growth is expected to be maintained as backorders ...