OneWater Marine (ONEW) Set to Announce Earnings on Thursday

OneWater Marine (NASDAQ:ONEW) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect OneWater Marine to post earnings of $0.72 per share for the quarter. OneWater Marine has set its FY 2024 guidance at 3.250-3.750 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Thursday, February 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.08). The company had revenue of $364.01 million during the quarter, compared to analysts’ expectations of $370.33 million. OneWater Marine had a positive return on equity of 11.55% and a negative net margin of 2.83%. 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 Trading Down 3.5 %

NASDAQ ONEW opened at $23.32 on Thursday. The company has a fifty day simple moving average of $25.49 and a two-hundred day simple moving average of $26.74. The stock has a market cap of $372.42 million, a P/E ratio of -6.03 and a beta of 2.49. OneWater Marine has a 12-month low of $21.78 and a 12-month high of $39.15. The company has a current ratio of 1.27, a quick ratio of 0.26 and a debt-to-equity ratio of 1.13.

Analysts Set New Price Targets

A number of research firms have issued reports on ONEW. Truist Financial decreased their price target on shares of OneWater Marine from $38.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 2nd. DA Davidson reaffirmed a “neutral” rating and issued a $27.00 price target on shares of OneWater Marine in a report on Friday, March 15th. KeyCorp raised their target price on shares of OneWater Marine from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, January 12th. Finally, Stifel Nicolaus raised their target price on shares of OneWater Marine from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.40.

OneWater Marine Company Profile

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.