OneWater Marine (ONEW) to Release Earnings on Thursday

OneWater Marine (NASDAQ:ONEW - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect OneWater Marine to post earnings of ($0.84) per share and revenue of $337,518.66 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

OneWater Marine Stock Performance

Shares of OneWater Marine stock traded up $0.68 on Thursday, hitting $16.59. The stock had a trading volume of 191,172 shares, compared to its average volume of 131,234. The stock has a market cap of $269.75 million, a price-to-earnings ratio of -41.47 and a beta of 2.58. OneWater Marine has a twelve month low of $14.29 and a twelve month high of $31.36. 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 business's 50 day moving average is $18.80 and its two-hundred day moving average is $22.06.

Wall Street Analysts Forecast Growth

ONEW has been the topic of a number of analyst reports. Benchmark reissued a "hold" rating on shares of OneWater Marine in a research report on Friday, November 15th. DA Davidson reduced their target price on OneWater Marine from $27.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, November 18th. 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 report on Wednesday, January 15th. Truist Financial reduced their target price on OneWater Marine from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Finally, KeyCorp reduced their target price on OneWater Marine from $27.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, OneWater Marine has an average rating of "Moderate Buy" and a consensus price target of $23.75.

Insider Activity

In related news, CEO Philip Austin Jr. Singleton bought 11,939 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average cost of $19.42 per share, with a total value of $231,855.38. Following the transaction, the chief executive officer now directly owns 632,161 shares in the company, 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 is available at the SEC website. Also, Director J Steven Roy bought 2,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were bought 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 in the company, valued at $395,478. The trade was a 13.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 28,485 shares of company stock worth $543,089. Insiders own 20.30% of the company's stock.

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.