OneWater Marine (ONEW) to Release Earnings on Thursday


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OneWater Marine (NASDAQ:ONEW) will release its earnings data before the market opens on Thursday, February 4th. Analysts expect OneWater Marine to post earnings of $0.09 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results on Wednesday, November 18th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.38). The company had revenue of $271.04 million during the quarter, compared to analyst estimates of $248.84 million. OneWater Marine had a net margin of 1.57% and a return on equity of 13.20%. On average, analysts expect OneWater Marine to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

OneWater Marine stock opened at $33.40 on Thursday. The stock has a market capitalization of $500.17 million and a PE ratio of -0.73. OneWater Marine has a twelve month low of $3.41 and a twelve month high of $36.15. The company has a quick ratio of 0.55, a current ratio of 1.36 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $31.03 and a 200-day moving average of $25.83.

In related news, CEO Philip Austin Jr. Singleton sold 220,000 shares of the stock in a transaction on Thursday, December 10th. The shares were sold at an average price of $20.84, for a total transaction of $4,584,800.00. Following the completion of the transaction, the chief executive officer now owns 72,984 shares in the company, valued at $1,520,986.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several research firms have recently weighed in on ONEW. Truist upped their price target on shares of OneWater Marine from $36.00 to $40.00 in a report on Wednesday. Zacks Investment Research upgraded shares of OneWater Marine from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, November 24th. Finally, Raymond James increased their target price on shares of OneWater Marine from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 20th.

About OneWater Marine

OneWater Marine Inc operates as a recreational boat retailer in the United States. It offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. The company also provides boat repair and maintenance services; arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina, as well as rental of boats and personal watercraft.

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