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

OneWater Marine (NASDAQ:ONEW) issued its quarterly earnings results 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 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 13.7 %

NASDAQ:ONEW opened at $17.46 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.31 and a current ratio of 1.28. The firm has a 50-day simple moving average of $18.47 and a 200-day simple moving average of $21.74. OneWater Marine has a one year low of $14.29 and a one year high of $31.36.

Insider Activity at OneWater Marine

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

Analyst Ratings Changes

Several analysts have recently weighed in on ONEW shares. Truist Financial decreased their target price 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 decreased their price objective on shares of OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. KeyCorp dropped 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 note on Wednesday, January 8th. DA Davidson decreased their price target on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Finally, Benchmark reissued a “hold” rating on shares of OneWater Marine in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently 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.