From what 2 stock analysts predict, the share price for Marine Products Corp (MPX) might decrease by 21.03% in the next year. This is based on a 12-month average estimation for MPX. Price targets go from $8 to $8. The majority of stock analysts believe MPX is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 2 Wall Street analysts have assigned MPX 0 buy ratings, 2 hold ratings, and 0 sell ratings. This means that analysts expect Marine Products Corp to generate similar returns as the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MPX. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of MPX.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Brandon Rolle DA Davidson | Neutral | $8 | Maintains | Aug 12, 2024 |
Brandon Rolle DA Davidson | Neutral | $16 | Initiates | Aug 23, 2023 |
Eric Wold B. Riley Securities | Neutral | $10 | Maintains | Apr 30, 2020 |
B. Riley FBR | Neutral | Maintains | Apr 30, 2020 | |
B. Riley FBR | Neutral | Maintains | Apr 6, 2020 | |
Eric Wold B. Riley Securities | Neutral | $7 | Maintains | Apr 6, 2020 |
B. Riley FBR | Neutral | Maintains | Mar 23, 2020 | |
Eric Wold B. Riley Securities | Neutral | $8 | Maintains | Mar 23, 2020 |
B. Riley Securities | Neutral | $14 | Maintains | Oct 24, 2019 |
B. Riley | Neutral | Maintains | Oct 24, 2019 | |
B. Riley FBR | Neutral | Upgrade | Dec 26, 2018 | |
B. Riley Securities | Neutral | Upgrade | Dec 26, 2018 | |
B. Riley FBR | Sell | Downgrade | Dec 10, 2018 | |
Eric Wold B. Riley Securities | Sell | $16 | Downgrade | Dec 10, 2018 |
B. Riley FBR | Neutral | Maintains | Oct 25, 2018 | |
Eric Wold B. Riley Securities | Neutral | $19 | Maintains | Oct 25, 2018 |
B. Riley FBR | Neutral | Maintains | May 5, 2018 | |
Eric Wold B. Riley Securities | Neutral | $14.5 | Maintains | Apr 26, 2018 |
B. Riley FBR | Neutral | Maintains | Apr 26, 2018 | |
Eric Wold B. Riley Securities | Neutral | $13 | Maintains | Oct 26, 2017 |
When did it IPO
2001
Staff Count
690
Country
United States
Sector/Industry
Consumer Cyclical/Recreational Vehicles
CEO
Mr. Ben M. Palmer
Market Cap
$351.6M
In 2023, MPX generated $383.7M in revenue, which was a increase of 0.72% from the previous year. This can be seen as a signal that MPX's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Marine Products Corporation (NYSE: MPX) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 8:00 AM ET, featuring CEO Ben Palmer and CFO Mike Schmit.
Why It Matters - The earnings call could reveal insights on Marine Products Corporation's financial performance and future outlook, impacting stock valuation and investor sentiment.
Summary - Marine Products Corporation (NYSE: MPX) reported its unaudited third-quarter results for 2024, ending September 30, with details on non-GAAP measures like EBITDA and free cash flow available in the release.
Why It Matters - Marine Products Corporation's quarterly results, including key non-GAAP metrics, provide insights into its operational efficiency and profitability, influencing stock performance and investment decisions.
Summary - Chaparral and Robalo Boats have signed a multi-year exclusive financing agreement with Yamaha Financial Services, effective January 1, 2025, for dealer inventory and retail finance in the U.S. and Canada.
Why It Matters - The exclusive financing agreement between Chaparral, Robalo Boats, and Yamaha Financial Services enhances dealer support, potentially boosting sales and market share, which can positively impact stock performance.
Summary - Marine Products Corporation (NYSE: MPX) will release Q3 2024 financial results on October 24, 2024, before market opening, followed by a conference call at 8:00 a.m. the same day.
Why It Matters - Marine Products Corporation's upcoming earnings release and conference call could impact stock performance and investor sentiment based on financial results and future guidance.
Summary - The company offers a quarterly dividend with an annual yield near 6%. It paid a total of $0.84 per share earlier this year, including a special dividend, and remains profitable despite a down cycle.
Why It Matters - A 6% annual dividend yield and a recent special dividend signal financial strength, attracting income-focused investors despite current down cycle challenges.
Summary - Marine Products Corporation (NYSE: MPX) will hold its Q2 2024 earnings conference call on July 25, 2024, at 8:00 AM ET, featuring President and CEO Ben Palmer and CFO Mike Schmit.
Why It Matters - Upcoming earnings calls provide insights into a company's financial health and future outlook, influencing stock performance and investor sentiment. Key executives' comments can signal strategic direction.