OneWater Marine (ONEW) Set to Announce Earnings on Thursday

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

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

ONEW stock opened at $23.32 on Thursday. The company has a fifty day moving average price of $25.49 and a 200 day moving average price of $26.74. OneWater Marine has a 12 month low of $21.78 and a 12 month high of $39.15. The company has a market cap of $372.42 million, a price-to-earnings ratio of -6.03 and a beta of 2.49. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.27 and a quick ratio of 0.26.

Analyst Ratings Changes

Several analysts recently commented on ONEW shares. Truist Financial reduced their price target on shares of OneWater Marine from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. KeyCorp upped their price objective on shares of OneWater Marine from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, January 12th. Stifel Nicolaus upped their price objective on shares of OneWater Marine from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, DA Davidson restated a “neutral” rating and set a $27.00 price objective on shares of OneWater Marine in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.