OneWater Marine (NASDAQ:ONEW) Issues Quarterly Earnings Results

OneWater Marine (NASDAQ:ONEW) released its earnings results on Thursday. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02), FiscalAI reports. OneWater Marine had a negative net margin of 6.69% and a positive return on equity of 2.22%. The company had revenue of $530.71 million during the quarter, compared to analysts’ expectations of $553.73 million. OneWater Marine updated its FY 2026 guidance to 0.350-0.550 EPS.

Here are the key takeaways from OneWater Marine’s conference call:

• Margin and profitability improved: Third-quarter gross margin expanded 70 basis points to 24%, while adjusted EBITDA rose to $38 million from $33 million despite a 4% revenue decline. Management attributed the gains to favorable product mix, pricing discipline, cost reductions, and strategic brand exits.
• Balance sheet strengthened ahead of schedule: Adjusted net leverage improved to 3.7x from 5.8x a year ago, reaching the company’s under-4x year-end target early. OneWater said it is exploring debt refinancing options.
• Retail market remains challenging: Management now expects the marine industry to decline by high single digits year over year, with dealership same-store sales projected to fall by low to mid-single digits. Fiscal-year guidance was narrowed to revenue of $1.75 billion-$1.8 billion, adjusted EBITDA of $68 million-$78 million, and adjusted EPS of $0.35-$0.55.
• Inventory and premium demand are holding up: New-boat revenue declined 2% and pre-owned revenue fell 4%, but higher average selling prices, disciplined inventory management, and stable customer engagement—particularly in premium brands—helped protect margins. July trends were described as flattish to slightly positive, though management said a broad market recovery has not yet arrived.

OneWater Marine Stock Performance

NASDAQ:ONEW traded down $0.30 on Thursday, reaching $12.40. 112,587 shares of the company’s stock were exchanged, compared to its average volume of 93,971. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market cap of $206.06 million, a price-to-earnings ratio of -1.65 and a beta of 1.53. OneWater Marine has a 52 week low of $8.12 and a 52 week high of $17.92. The stock has a fifty day simple moving average of $11.53 and a 200-day simple moving average of $11.34.

More OneWater Marine News

Here are the key news stories impacting OneWater Marine this week:

• Positive Sentiment: OneWater’s fiscal 2026 revenue guidance of approximately $1.8 billion is broadly in line with consensus. The upper end of its EPS guidance range, $0.55, is also above the current consensus estimate of $0.51, although the midpoint is lower. OneWater Marine Misses Q3 Earnings and Revenue Estimates
• Neutral Sentiment: Analysts and investors had been focused on the company’s fiscal third-quarter report, with pre-earnings coverage highlighting the possibility of upside based on valuation estimates. Earnings To Watch: OneWater Marine Inc. Q3 2026
• Negative Sentiment: Quarterly EPS was $0.73, below the consensus estimate of $0.75 and down from $0.79 a year earlier. Revenue of $530.71 million also missed expectations of $553.73 million, reinforcing concerns about weaker-than-expected sales. OneWater Marine Fiscal Q3 Earnings Snapshot OneWater Reports Sales Below Analyst Estimates
• Negative Sentiment: Full-year EPS guidance of $0.35 to $0.55 is cautious, with the midpoint below consensus. The company also reported a negative net margin of 6.69%, adding to concerns about profitability and helping explain the decline in ONEW shares. OneWater Marine Q3 2026 Earnings

Analysts Set New Price Targets

ONEW has been the subject of several research analyst reports. Robert W. Baird set a $13.00 price target on shares of OneWater Marine in a research note on Friday, May 1st. KeyCorp reduced their price objective on OneWater Marine from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Weiss Ratings downgraded OneWater Marine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Finally, Truist Financial lowered their target price on OneWater Marine from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, OneWater Marine has an average rating of “Hold” and an average price target of $13.33.

Insider Activity

In other OneWater Marine news, Chairman Philip Austin Jr. Singleton purchased 21,930 shares of the stock in a transaction dated Tuesday, May 5th. The shares were bought at an average price of $10.88 per share, with a total value of $238,598.40. Following the completion of the transaction, the chairman directly owned 801,816 shares in the company, valued at approximately $8,723,758.08. This trade represents a 2.81% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Troiano sold 27,844 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $12.07, for a total transaction of $336,077.08. Following the sale, the director owned 41,438 shares in the company, valued at $500,156.66. The trade was a 40.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On OneWater Marine

A number of large investors have recently made changes to their positions in ONEW. Vanguard Group Inc. grew its position in shares of OneWater Marine by 1.2% in the third quarter. Vanguard Group Inc. now owns 706,260 shares of the company’s stock valued at $11,187,000 after purchasing an additional 8,465 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in OneWater Marine by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company’s stock worth $8,710,000 after purchasing an additional 2,378 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in OneWater Marine by 33.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 287,265 shares of the company’s stock worth $3,108,000 after purchasing an additional 72,595 shares during the period. Marshall Wace LLP boosted its stake in OneWater Marine by 169.9% in the 4th quarter. Marshall Wace LLP now owns 246,049 shares of the company’s stock worth $2,662,000 after purchasing an additional 154,876 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in OneWater Marine by 2.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 126,800 shares of the company’s stock valued at $2,009,000 after buying an additional 3,400 shares in the last quarter. 94.32% of the stock is owned by institutional investors.

OneWater Marine Company Profile

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.