OneWater Marine (NASDAQ:ONEW – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.500-2.000 for the period, compared to the consensus earnings per share estimate of 3.290. The company issued revenue guidance of -.
Analyst Ratings Changes
Several equities research analysts have issued reports on ONEW shares. KeyCorp lowered their target price on shares of OneWater Marine from $30.00 to $29.00 and set an overweight rating on the stock in a research note on Wednesday. Benchmark reaffirmed a hold rating on shares of OneWater Marine in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, OneWater Marine presently has an average rating of Moderate Buy and a consensus price target of $31.40.
OneWater Marine Trading Down 4.1 %
OneWater Marine (NASDAQ:ONEW – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($1.01). The firm had revenue of $542.44 million for the quarter, compared to analyst estimates of $600.20 million. OneWater Marine had a negative net margin of 4.29% and a positive return on equity of 9.20%. During the same period in the previous year, the firm posted $1.95 EPS. As a group, analysts anticipate that OneWater Marine will post 3.23 EPS for the current year.
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.
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