Revenue Update on West Marine(NASDAQ:WMAR)

West Marine(NASDAQ:WMAR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $251.60M. Analysts estimated a revenue of $254.39M. Earnings per share were $0.86. Analysts had estimated an EPS of $0.91.

In a different note, On Jun 21, 2016, B. Riley said it Downgrades its rating on West Marine. The shares have been rated ‘Neutral’ by the firm.

West Marine (WMAR) made into the market gainers list on Thursdays trading session with the shares advancing 0.21% or 0.02 points. Due to strong positive momentum, the stock ended at $9.45, which is also near the day’s high of $9.5. The stock began the session at $9.48 and the volume stood at 24,551 shares. The 52-week high of the shares is $10.385 and the 52 week low is $7.6505. The company has a current market capitalization of $235 M and it has 2,48,27,616 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 21, 2016, Matthew L Hyde (CEO) purchased 1,100 shares at $9.11 per share price.

West Marine Inc. is a retailer of boating supplies gear apparel footwear and other waterlife-related products. The Company operates around 279 stores located in 38 states Puerto Rico and Canada and two e-commerce Websites reaching retail and professional services customers. The Company’s products are classified as core boating products and merchandise expansion products. The Company’s core boating products consist of maintenance electronics sailboat hardware; anchors docking and moorings; engine systems; safety; electrical; plumbing; boats and outboards; ventilation; deck hardware and fasteners; navigation; trailering; seating and boat covers and barbecues and appliances. Its merchandise expansion products include apparel footwear clothing accessories fishing watersports paddle sports coolers bikes and cabin and galley. The Company offers private label products under the West Marine Black Tip Third Reef Pure Oceans Lifesling and Seafit brand names.

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