OneWater Marine (ONEW) Expected to Announce Quarterly Earnings on Thursday

OneWater Marine (NASDAQ:ONEW) will likely be releasing its earnings data before the market opens on Thursday, January 30th. Analysts expect OneWater Marine to post earnings of ($0.84) per share and revenue of $337,518.66 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

OneWater Marine Stock Performance

NASDAQ ONEW opened at $15.91 on Thursday. The company’s 50 day simple moving average is $18.95 and its two-hundred day simple moving average is $22.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 0.31. OneWater Marine has a 1 year low of $14.29 and a 1 year high of $31.36. The stock has a market capitalization of $258.70 million, a PE ratio of -39.77 and a beta of 2.58.

Insider Buying and Selling at OneWater Marine

In related news, Director J Steven Roy acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of $19.05 per share, with a total value of $47,625.00. Following the completion of the purchase, the director now owns 20,760 shares in the company, valued at $395,478. This trade represents a 13.69 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Philip Austin Jr. Singleton bought 11,939 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average price of $19.42 per share, for a total transaction of $231,855.38. Following 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 have acquired 28,485 shares of company stock worth $543,089 over the last ninety days. Insiders own 20.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.