Brokers Set Expectations for West Marine Inc.’s Q4 2016 Earnings (WMAR)

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West Marine Inc. (NASDAQ:WMAR) – Research analysts at B. Riley raised their Q4 2016 EPS estimates for shares of West Marine in a note issued to investors on Thursday. B. Riley analyst J. Baker now anticipates that the firm will post earnings per share of ($0.43) for the quarter, up from their prior forecast of ($0.46). B. Riley currently has a “Neutral” rating and a $10.00 price objective on the stock. B. Riley also issued estimates for West Marine’s Q1 2017 earnings at ($0.38) EPS, Q4 2017 earnings at ($0.43) EPS and FY2017 earnings at $0.28 EPS.
Several other brokerages also recently commented on WMAR. Sidoti downgraded West Marine from a “buy” rating to a “neutral” rating and cut their price objective for the company from $9.30 to $9.00 in a research report on Thursday. Zacks Investment Research downgraded West Marine from a “hold” rating to a “sell” rating in a research report on Saturday, July 30th. Finally, Forward View reaffirmed a “hold” rating on shares of West Marine in a research report on Friday, July 22nd.
Shares of West Marine (NASDAQ:WMAR) opened at 8.95 on Monday. The company has a market capitalization of $223.20 million, a P/E ratio of 35.38 and a beta of 1.45. West Marine has a 12-month low of $7.65 and a 12-month high of $10.39. The company has a 50-day moving average price of $9.34 and a 200 day moving average price of $9.11.

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West Marine (NASDAQ:WMAR) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by $0.06. West Marine had a return on equity of 2.08% and a net margin of 0.89%. The business earned $251.60 million during the quarter, compared to the consensus estimate of $254.39 million. During the same quarter in the previous year, the business posted $0.85 earnings per share. West Marine’s quarterly revenue was down .6% compared to the same quarter last year.
West Marine Company Profile
West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.

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