OneWater Marine (NASDAQ:ONEW) Posts Quarterly Earnings Results, Beats Expectations By $0.30 EPS

OneWater Marine (NASDAQ:ONEW) announced its quarterly earnings results on Thursday. The company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates 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 Trading Up 16.7 %

Shares of ONEW traded up $2.56 during trading hours on Thursday, reaching $17.91. 319,388 shares of the company traded hands, compared to its average volume of 152,602. The stock’s fifty day moving average price is $18.47 and its 200 day moving average price is $21.74. The company has a current ratio of 1.28, a quick ratio of 0.31 and a debt-to-equity ratio of 1.06. The firm has a market cap of $291.22 million, a price-to-earnings ratio of -44.81 and a beta of 2.58. OneWater Marine has a 12-month low of $14.29 and a 12-month high of $31.36.

Wall Street Analyst Weigh In

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

Insider Activity at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton purchased 13,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $18.60 per share, for a total transaction of $241,800.00. Following the completion of the purchase, the chief executive officer now owns 667,368 shares in the company, valued at approximately $12,413,044.80. This represents a 1.99 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director J Steven Roy acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of $19.05 per share, with a total value of $47,625.00. Following the completion of the purchase, the director now owns 20,760 shares of the company’s stock, valued at $395,478. This trade represents a 13.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 28,485 shares of company stock worth $543,089 in the last 90 days. 20.30% of the stock is owned by corporate insiders.

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.