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

OneWater Marine (NASDAQ:ONEW) released its earnings results on Thursday. The company reported ($0.54) earnings per share for the quarter, topping 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 Stock Performance

Shares of NASDAQ:ONEW traded up $2.56 during midday trading on Thursday, reaching $17.91. 319,388 shares of the company’s stock traded hands, compared to its average volume of 152,602. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.31 and a current ratio of 1.28. OneWater Marine has a one year low of $14.29 and a one year high of $31.36. The company has a market cap of $291.22 million, a price-to-earnings ratio of -44.81 and a beta of 2.58. The stock has a 50 day moving average of $18.47 and a 200 day moving average of $21.74.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ONEW. Truist Financial cut their price objective on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Benchmark restated a “hold” rating on shares of OneWater Marine in a research note on Friday, November 15th. 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. Stifel Nicolaus dropped their target price on OneWater Marine from $31.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, KeyCorp reduced their price target on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.75.

Insider Buying and Selling

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