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

OneWater Marine (NASDAQ:ONEW) posted its earnings results on Thursday. The company reported ($0.54) earnings per share (EPS) for the quarter, beating 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 opened at $18.07 on Friday. OneWater Marine has a 12 month low of $14.29 and a 12 month high of $31.36. The company’s 50-day moving average price is $18.35 and its two-hundred day moving average price is $21.65. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The firm has a market cap of $293.82 million, a PE ratio of -45.17 and a beta of 2.58.

Insider Buying and Selling at OneWater Marine

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

Wall Street Analyst Weigh In

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

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.