OneWater Marine (ONEW) to Release Earnings on Tuesday

OneWater Marine (NASDAQ:ONEWGet Rating) will post its quarterly earnings results before the market opens on Tuesday, November 15th. Analysts expect OneWater Marine to post earnings of $1.61 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

OneWater Marine Stock Performance

Shares of ONEW stock opened at $35.37 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.59 and a current ratio of 1.23. OneWater Marine has a fifty-two week low of $28.23 and a fifty-two week high of $62.79. The stock has a 50 day moving average price of $32.74 and a two-hundred day moving average price of $34.55. The company has a market capitalization of $540.45 million, a P/E ratio of 3.84 and a beta of 2.51.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new position in shares of OneWater Marine during the first quarter valued at approximately $25,000. Tower Research Capital LLC TRC raised its holdings in shares of OneWater Marine by 875.7% during the third quarter. Tower Research Capital LLC TRC now owns 1,122 shares of the company’s stock valued at $34,000 after purchasing an additional 1,007 shares during the last quarter. UBS Group AG purchased a new position in shares of OneWater Marine during the second quarter valued at approximately $43,000. Credit Suisse AG purchased a new position in shares of OneWater Marine during the second quarter valued at approximately $44,000. Finally, Quantbot Technologies LP purchased a new position in shares of OneWater Marine during the first quarter valued at approximately $82,000. 60.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial reduced their target price on OneWater Marine from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, October 5th. Stifel Nicolaus reduced their target price on OneWater Marine from $45.00 to $42.00 in a research note on Thursday, October 20th. DA Davidson started coverage on OneWater Marine in a research note on Thursday, September 29th. They issued a “neutral” rating and a $35.00 price target on the stock. Finally, KeyCorp upped their price target on OneWater Marine from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, OneWater Marine presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

About OneWater Marine

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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.

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Earnings History for OneWater Marine (NASDAQ:ONEW)

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