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

OneWater Marine (NASDAQ:ONEW - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.54) earnings per share for the quarter, beating analysts' consensus estimates of ($0.84) by $0.30, Zacks reports. OneWater Marine had a positive return on equity of 3.08% and a negative net margin of 0.59%. OneWater Marine updated its FY 2025 guidance to 1.000-2.000 EPS.

OneWater Marine Stock Down 7.1 %

NASDAQ:ONEW traded down $1.28 on Monday, reaching $16.79. The stock had a trading volume of 226,894 shares, compared to its average volume of 178,894. 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 company has a 50-day moving average of $18.35 and a 200 day moving average of $21.53. The stock has a market cap of $273.01 million, a P/E ratio of -23.32 and a beta of 2.58. OneWater Marine has a 12-month low of $14.29 and a 12-month high of $31.36.

Analysts Set New Price Targets

A number of analysts have recently commented on ONEW shares. Truist Financial cut their target price 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. KeyCorp lowered their price target on OneWater Marine from $27.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Benchmark reissued a "hold" rating on shares of OneWater Marine in a report on Friday, November 15th. DA Davidson lowered their price objective on OneWater Marine from $27.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, November 18th. Finally, Stifel Nicolaus lowered their price objective on OneWater Marine from $31.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.75.

Insider Buying and Selling at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton bought 13,000 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $18.60 per share, for a total transaction of $241,800.00. Following the purchase, the chief executive officer now owns 667,368 shares in the company, valued at $12,413,044.80. This trade represents a 1.99 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director J Steven Roy bought 2,500 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $19.05 per share, for a total transaction of $47,625.00. Following 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 position. The disclosure for this purchase can be found here. Insiders bought a total of 28,485 shares of company stock valued at $543,089 in the last ninety days. Insiders own 20.30% of the company's stock.

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.