OneWater Marine (NASDAQ:ONEW) Issues FY 2022 Earnings Guidance

OneWater Marine (NASDAQ:ONEWGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $8.60-$9.00 for the period, compared to the consensus EPS estimate of $8.62. The company issued revenue guidance of -.

ONEW stock traded down $1.08 during midday trading on Monday, hitting $34.30. The company’s stock had a trading volume of 709 shares, compared to its average volume of 123,311. The company has a quick ratio of 0.42, a current ratio of 1.14 and a debt-to-equity ratio of 1.07. OneWater Marine has a 52-week low of $29.86 and a 52-week high of $62.79. The firm has a market capitalization of $524.17 million, a P/E ratio of 4.19 and a beta of 3.02. The firm has a 50-day simple moving average of $35.51 and a 200-day simple moving average of $46.07.

OneWater Marine (NASDAQ:ONEWGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.06 by $0.48. OneWater Marine had a net margin of 7.32% and a return on equity of 40.35%. During the same period in the previous year, the firm posted $1.83 earnings per share. On average, sell-side analysts expect that OneWater Marine will post 8.9 earnings per share for the current fiscal year.

Several research firms have recently issued reports on ONEW. Robert W. Baird decreased their price objective on shares of OneWater Marine from $70.00 to $60.00 in a research report on Friday, May 6th. Raymond James lifted their price objective on shares of OneWater Marine from $61.00 to $72.00 and gave the stock an outperform rating in a research report on Friday, February 4th. Truist Financial decreased their price objective on shares of OneWater Marine from $62.00 to $48.00 in a research report on Thursday, April 7th. Stifel Nicolaus decreased their price objective on shares of OneWater Marine from $62.00 to $52.00 in a research report on Monday, April 25th. Finally, Zacks Investment Research raised shares of OneWater Marine from a hold rating to a buy rating and set a $39.00 price target for the company in a research report on Wednesday, April 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $54.00.

In other OneWater Marine news, Director John Troiano sold 43,135 shares of OneWater Marine stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $40.09, for a total value of $1,729,282.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders sold 92,194 shares of company stock worth $4,096,481. 20.90% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of ONEW. Wells Fargo & Company MN boosted its holdings in OneWater Marine by 1.3% during the second quarter. Wells Fargo & Company MN now owns 40,275 shares of the company’s stock worth $1,693,000 after buying an additional 507 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in OneWater Marine during the third quarter worth about $1,102,000. Invesco Ltd. boosted its holdings in OneWater Marine by 12.7% during the third quarter. Invesco Ltd. now owns 23,645 shares of the company’s stock worth $951,000 after buying an additional 2,667 shares in the last quarter. Royal Bank of Canada boosted its holdings in OneWater Marine by 5.2% during the third quarter. Royal Bank of Canada now owns 5,579 shares of the company’s stock worth $225,000 after buying an additional 277 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in OneWater Marine by 4.1% during the third quarter. Millennium Management LLC now owns 44,349 shares of the company’s stock worth $1,783,000 after buying an additional 1,752 shares in the last quarter. Institutional investors and hedge funds own 62.56% of the company’s stock.

About OneWater Marine (Get Rating)

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.

Further Reading

Earnings History and Estimates for OneWater Marine (NASDAQ:ONEW)

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