OneWater Marine (NASDAQ:ONEW) Releases FY 2025 Earnings Guidance

OneWater Marine (NASDAQ:ONEW) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.000-2.000 for the period, compared to the consensus estimate of 1.500. The company issued revenue guidance of $1.7 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion.

OneWater Marine Trading Up 4.4 %

ONEW traded up $0.76 during trading hours on Friday, reaching $18.22. 56,082 shares of the company’s stock traded hands, compared to its average volume of 154,651. The firm has a 50-day moving average price of $18.42 and a 200 day moving average price of $21.71. The firm has a market capitalization of $296.26 million, a PE ratio of -45.55 and a beta of 2.58. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. OneWater Marine has a 52-week low of $14.29 and a 52-week high of $31.36.

OneWater Marine (NASDAQ:ONEW) last issued its earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.30. OneWater Marine had a negative net margin of 0.32% and a positive return on equity of 3.74%. As a group, sell-side analysts predict that OneWater Marine will post 1.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ONEW shares. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. Stifel Nicolaus dropped their price objective on OneWater Marine from $31.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. KeyCorp decreased their target price on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. DA Davidson dropped their price target on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Finally, Truist Financial cut their price target on OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Insider Buying and Selling

In other news, Director J Steven Roy bought 2,500 shares of the stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $19.05 per share, for a total transaction of $47,625.00. Following the completion of the purchase, the director now directly owns 20,760 shares in the company, valued at approximately $395,478. The trade was a 13.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip Austin Jr. Singleton purchased 11,939 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was purchased at an average cost of $19.42 per share, for a total transaction of $231,855.38. Following the completion of the acquisition, the chief executive officer now directly owns 632,161 shares of the company’s stock, valued at approximately $12,276,566.62. The trade was a 1.92 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 28,485 shares of company stock valued at $543,089 over the last 90 days. Corporate 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.