OneWater Marine (NASDAQ:ONEW) Updates FY 2025 Earnings Guidance

OneWater Marine (NASDAQ:ONEW - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.000-2.000 for the period, compared to the consensus EPS estimate of 1.500. The company issued revenue guidance of $1.7 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. KeyCorp cut their price objective on OneWater Marine from $27.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. DA Davidson cut their price target on OneWater Marine from $27.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, November 18th. Benchmark reaffirmed a "hold" rating on shares of OneWater Marine in a report on Friday, November 15th. Truist Financial cut their price target on OneWater Marine from $30.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, Stifel Nicolaus cut their price target on OneWater Marine from $31.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Two research 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 company presently has an average rating of "Moderate Buy" and an average target price of $23.75.

OneWater Marine Trading Down 7.1 %

ONEW stock traded down $1.28 during midday trading on Monday, reaching $16.79. The stock had a trading volume of 226,894 shares, compared to its average volume of 179,738. The business has a fifty day simple moving average of $18.35 and a two-hundred day simple moving average of $21.53. 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 $273.01 million, a price-to-earnings ratio of -23.32 and a beta of 2.58. OneWater Marine has a twelve month low of $14.29 and a twelve month high of $31.36.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) EPS for the quarter, topping analysts' consensus estimates of ($0.84) by $0.30. OneWater Marine had a positive return on equity of 3.08% and a negative net margin of 0.59%. As a group, research analysts expect that OneWater Marine will post 1.33 EPS for the current fiscal year.

Insider Activity

In related news, CEO Philip Austin Jr. Singleton purchased 13,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $18.60 per share, with a total value of $241,800.00. Following the purchase, the chief executive officer now directly owns 667,368 shares in the company, valued at $12,413,044.80. The trade was a 1.99 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, 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, with a total value of $47,625.00. Following the completion of the purchase, the director now owns 20,760 shares in the company, valued at $395,478. This represents a 13.69 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 28,485 shares of company stock valued at $543,089 in the last ninety days. 20.30% of the stock is owned by 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.