OneWater Marine (NASDAQ:ONEW) Issues Quarterly Earnings Results

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

OneWater Marine Trading Up 17.6 %

ONEW traded up $2.70 during trading on Thursday, hitting $18.05. 332,570 shares of the company’s stock were exchanged, compared to its average volume of 153,479. The stock has a 50 day moving average price of $18.47 and a 200 day moving average price of $21.74. OneWater Marine has a 1 year low of $14.29 and a 1 year high of $31.36. 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 $293.41 million, a P/E ratio of -45.05 and a beta of 2.58.

Wall Street Analyst Weigh In

ONEW has been the subject of a number of research reports. 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. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research note on Friday, November 15th. DA Davidson reduced their target price 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. KeyCorp dropped their price target on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

Insider Activity at OneWater Marine

In related news, Director J Steven Roy purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $19.05 per share, for a total transaction of $47,625.00. Following the completion of the purchase, the director now owns 20,760 shares in the company, valued at approximately $395,478. This represents a 13.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Philip Austin Jr. Singleton acquired 11,939 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of $19.42 per share, with a total value of $231,855.38. Following the completion of the acquisition, the chief executive officer now owns 632,161 shares in the company, valued at $12,276,566.62. This represents a 1.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 28,485 shares of company stock worth $543,089. 20.30% of the stock is currently owned by corporate insiders.

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.