Marine Products Corp

Marine Products Corp Stock Forecast & Price Prediction

Live Marine Products Corp Stock (MPX) Price
$10.13

2

Ratings

  • Buy 0
  • Hold 2
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$10.13

P/E Ratio

19.11

Volume Traded Today

$81,000

Dividend

$0.14

52 Week High/low

12.47/8.86

Marine Products Corp Market Cap

$351.6M

๐Ÿ›‘ Alert: These ten stocks could have higher potential than $MPX ๐Ÿ›‘

Before you buy MPX you'll want to see this list of ten stocks that have huge potential. Want to see if MPX made the cut? Enter your email below

MPX Summary

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.

MPX Analyst Ratings

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.

MPX stock forecast by analyst

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

MPX Company Information

What They Do: Manufactures recreational fiberglass powerboats.

Business Model: The company designs, manufactures, and sells a variety of recreational fiberglass powerboats, targeting both the sport boat and sport fishing markets. It generates revenue by selling its products through a network of independent authorized dealers, both domestically and internationally.

Other Information: Founded in 1965 and based in Atlanta, Georgia, Marine Products Corporation operates as a subsidiary of LOR, Inc. Its product lineup includes popular brands such as Chaparral and Robalo, emphasizing quality and performance in the recreational boating industry.
MPX
Marine Products Corp (MPX)

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

Marine Products Corp (MPX) Financial Data

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

$239.8M

Revenue From 2021

$298.0M

24.26 %
From Previous Year

Revenue From 2022

$381.0M

27.84 %
From Previous Year

Revenue From 2023

$383.7M

0.72 %
From Previous Year
  • Revenue TTM $259.6M
  • Operating Margin TTM 7.3%
  • Gross profit TTM $90.4M
  • Return on assets TTM 6.9%
  • Return on equity TTM 13.6%
  • Profit Margin 7.3%
  • Book Value Per Share 3.71%
  • Market capitalisation $351.6M
  • Revenue for 2021 $298.0M
  • Revenue for 2022 $381.0M
  • Revenue for 2023 $383.7M
  • EPS this year (TTM) $0.53

Marine Products Corp (MPX) Latest News

News Image

Thu, 24 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

News Image

Thu, 24 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

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.

News Image

Thu, 17 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

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.

News Image

Mon, 07 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

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.

News Image

Thu, 29 Aug 2024

Sentiment - POSITIVE

Source - Seeking Alpha

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.

News Image

Thu, 25 Jul 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

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.

...

MPX Frequently asked questions

The highest forecasted price for MPX is $8 from Eric Wold at B. Riley Securities.

The lowest forecasted price for MPX is $8 from Eric Wold from B. Riley Securities

The MPX analyst ratings consensus are 0 buy ratings, 2 hold ratings, and 0 sell ratings.