Marine Products Corporation (MPX)

NYSE: MPX · Real-Time Price · USD
9.34
+0.09 (0.97%)
Dec 20, 2024, 4:00 PM EST - Market closed
0.97%
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]

Founded 1965
Employees 690
Stock Exchange NYSE
Ticker Symbol MPX
Full Company Profile

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 Statements

Analyst Forecast

According to one analyst, the rating for MPX stock is "Hold" and the 12-month stock price forecast is $8.0.

Price Target
$8.0
(-14.35% downside)
Analyst Consensus: Hold
Stock Forecasts

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...

4 weeks ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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...

2 months ago - PRNewsWire

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...

2 months ago - Business Wire

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...

2 months ago - PRNewsWire

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...

4 months ago - Seeking Alpha

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...

5 months ago - Seeking Alpha

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...

5 months ago - PRNewsWire

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 ...

5 months ago - PRNewsWire

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...

7 months ago - Seeking Alpha

Marine Products Corporation (MPX) Q1 2024 Earnings Call Transcript

Marine Products Corporation (MPX) Q1 2024 Earnings Call Transcript

8 months ago - Seeking Alpha

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...

8 months ago - PRNewsWire

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...

9 months ago - PRNewsWire

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...

9 months ago - Seeking Alpha

Marine Products Corporation (MPX) Q4 2023 Earnings Call Transcript

Marine Products Corporation (MPX) Q4 2023 Earnings Call Transcript

11 months ago - Seeking Alpha

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 ...

11 months ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - Seeking Alpha

Top 5 Consumer Stocks That Could Blast Off This Month - Fisker (NYSE:FSR), Fox Factory Hldg (NASDAQ:FOXF)

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Other symbols: FOXFVACXPEL
1 year ago - Benzinga

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...

1 year ago - Seeking Alpha

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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...

1 year ago - PRNewsWire

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 ...

1 year ago - Seeking Alpha

Bank of America downgrades Valero and four other refiners

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1 year ago - CNBC Television