OneWater Marine (ONEW) Scheduled to Post Earnings on Thursday

OneWater Marine (NASDAQ:ONEW) will be releasing its earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

OneWater Marine Stock Up 10.1 %

Shares of NASDAQ:ONEW opened at $25.81 on Thursday. The stock has a 50-day simple moving average of $22.62 and a 200-day simple moving average of $24.54. The stock has a market capitalization of $414.51 million, a P/E ratio of -3.88 and a beta of 2.58. OneWater Marine has a 1 year low of $20.00 and a 1 year high of $35.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29.

Insider Buying and Selling

In other news, COO Anthony M. Aisquith acquired 5,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $21.25 per share, with a total value of $106,250.00. Following the completion of the transaction, the chief operating officer now directly owns 729,316 shares of the company’s stock, valued at $15,497,965. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Anthony M. Aisquith acquired 5,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $21.25 per share, for a total transaction of $106,250.00. Following the acquisition, the chief operating officer now directly owns 729,316 shares of the company’s stock, valued at $15,497,965. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey B. Lamkin bought 30,919 shares of the stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $22.27 per share, with a total value of $688,566.13. Following the completion of the purchase, the director now directly owns 56,705 shares of the company’s stock, valued at approximately $1,262,820.35. This represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 56,529 shares of company stock valued at $1,257,393. Corporate insiders own 18.70% of the company’s stock.

Wall Street Analyst Weigh In

ONEW has been the topic of a number of recent research reports. KeyCorp decreased their price objective on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of OneWater Marine in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

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.