Marine Products Corporation (NYSE:MPX) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MPX to report 3Q20 income of $ 0.20 per share.
For the full year, analysts anticipate top line of $ 230.59 million, while looking forward to income of $ 0.52 per share bottom line.
Previous Quarter Performance
Marine Products Corporation disclosed income for the second quarter of $ 0.05 per share, from the revenue of $ 40.82 million. The quarterly earnings fell 81.48 percent while revenues declined 53.98 percent compared with the same quarter last year.
According to street consensus, MPX was expected to report 2Q20 income of $ 0.03 per share from revenue of $ 31.73 million. The bottom line results beat street analysts by $ 0.02 or 66.67 percent, at the same time, top line results outshined analysts by $ 9.09 million or 28.65 percent.
Stock Performance
Shares of Marine Products Corporation traded up $ 0.77 or 4.60 percent on Tuesday, reaching $ 17.50 with volume of 36.00 thousand shares. Marine Products Corporation has traded high as $ 17.56 and has cracked $ 16.59 on the downward trend
According to the previous trading day, closing price of $ 17.50, representing a 147.12 % increase from the 52 week low of $ 6.77 and a 26.01 % decrease over the 52 week high of $ 22.61.
The company has a market capital of $ 594.46 million and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.08 per share to holders of record as of the close of business on August 10, 2020, with payment date of September 10, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Marine Products Corporation will be hosting a conference call at 8:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.marineproductscorp.com
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, jet boat, and sport fishing markets worldwide. The company provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex jet boats and the Surf Series, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats. It sells its products to a network of 168 domestic and 86 international independent authorized dealers.
