OneWater Marine (NASDAQ:ONEW – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.05), MarketWatch Earnings reports. OneWater Marine had a net margin of 4.19% and a return on equity of 16.52%. During the same period last year, the business posted $1.28 earnings per share. OneWater Marine updated its FY 2024 guidance to $3.25-$3.75 EPS.
OneWater Marine Stock Up 1.3 %
NASDAQ:ONEW opened at $25.87 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.37 and a debt-to-equity ratio of 0.83. OneWater Marine has a 1-year low of $21.78 and a 1-year high of $39.15. The business’s fifty day moving average price is $24.42 and its 200 day moving average price is $28.70. The firm has a market capitalization of $408.49 million, a price-to-earnings ratio of 4.73 and a beta of 2.52.
Insiders Place Their Bets
In other news, CEO Philip Austin Jr. Singleton bought 2,378 shares of the company’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of $25.47 per share, with a total value of $60,567.66. Following the transaction, the chief executive officer now directly owns 580,183 shares in the company, valued at approximately $14,777,261.01. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 20.40% of the company’s stock.
Institutional Trading of OneWater Marine
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Truist Financial cut their price objective on OneWater Marine from $32.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. KeyCorp cut their price objective on OneWater Marine from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Friday. Finally, Robert W. Baird cut their price objective on OneWater Marine from $42.00 to $32.00 and set an “outperform” rating for the company in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.00.
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 also 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, as well as rental of boats and personal watercraft.
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