OneWater Marine (NASDAQ:ONEW) Issues FY 2024 Earnings Guidance

OneWater Marine (NASDAQ:ONEW) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.500-2.000 for the period, compared to the consensus EPS estimate of 3.290. The company issued revenue guidance of -.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Benchmark restated a hold rating on shares of OneWater Marine in a research note on Thursday, July 11th. KeyCorp decreased their target price on OneWater Marine from $34.00 to $30.00 and set an overweight rating on the stock in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $31.60.

OneWater Marine Trading Down 15.0 %

ONEW traded down $4.58 on Tuesday, hitting $25.88. The company had a trading volume of 239,805 shares, compared to its average volume of 91,271. The company has a market cap of $414.60 million, a PE ratio of -4.66 and a beta of 2.58. OneWater Marine has a 12-month low of $20.07 and a 12-month high of $38.21. The company has a quick ratio of 0.30, a current ratio of 1.21 and a debt-to-equity ratio of 1.07. The business’s fifty day simple moving average is $27.34 and its 200 day simple moving average is $26.25.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.05). The firm had revenue of $488.32 million during the quarter, compared to the consensus estimate of $500.87 million. OneWater Marine had a positive return on equity of 9.20% and a negative net margin of 4.29%. Equities research analysts expect that OneWater Marine will post 3.23 EPS for the current year.

OneWater Marine Company Profile

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.