OneWater Marine (NASDAQ:ONEW) Releases Earnings Results, Beats Estimates By $0.30 EPS

OneWater Marine (NASDAQ:ONEW) posted its quarterly earnings data on Thursday. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.84) by $0.30, Zacks reports. OneWater Marine had a negative net margin of 0.32% and a positive return on equity of 3.74%. OneWater Marine updated its FY 2025 guidance to 1.000-2.000 EPS.

OneWater Marine Price Performance

NASDAQ ONEW traded up $2.70 during trading hours on Thursday, reaching $18.05. 332,570 shares of the company’s stock were exchanged, compared to its average volume of 153,479. The firm has a fifty day moving average of $18.47 and a 200-day moving average of $21.74. The stock has a market cap of $293.41 million, a PE ratio of -45.05 and a beta of 2.58. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 1.06. OneWater Marine has a one year low of $14.29 and a one year high of $31.36.

Insiders Place Their Bets

In other news, Director J Steven Roy purchased 2,500 shares of OneWater Marine stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $19.05 per share, with a total value of $47,625.00. Following the transaction, the director now directly owns 20,760 shares in the company, valued at $395,478. The trade was a 13.69 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Philip Austin Jr. Singleton purchased 13,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $18.60 per share, with a total value of $241,800.00. Following the completion of the purchase, the chief executive officer now directly owns 667,368 shares in the company, valued at approximately $12,413,044.80. This represents a 1.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 28,485 shares of company stock valued at $543,089. 20.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on ONEW shares. DA Davidson dropped their price objective on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Stifel Nicolaus reduced their price target on shares of OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Truist Financial dropped their price objective on OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. KeyCorp lowered their target price on shares of OneWater Marine from $27.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Benchmark reiterated a “hold” rating on shares of OneWater Marine in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, OneWater Marine currently has an average rating of “Moderate Buy” and an average target price of $23.75.

About OneWater Marine

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.