OneWater Marine (ONEW) Projected to Post Earnings on Thursday

OneWater Marine (NASDAQ:ONEW) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect OneWater Marine to post earnings of ($0.84) per share and revenue of $337.52 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

OneWater Marine Trading Down 3.8 %

Shares of ONEW stock opened at $16.41 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.31 and a current ratio of 1.28. The company has a market capitalization of $266.83 million, a price-to-earnings ratio of -41.02 and a beta of 2.58. OneWater Marine has a 52-week low of $14.29 and a 52-week high of $31.36. The company has a 50-day simple moving average of $18.59 and a two-hundred day simple moving average of $21.86.

Insider Transactions at OneWater Marine

In related news, Director J Steven Roy purchased 2,500 shares of OneWater Marine stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $19.05 per share, for a total transaction of $47,625.00. Following the transaction, the director now directly owns 20,760 shares in the company, valued at $395,478. The trade was a 13.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip Austin Jr. Singleton purchased 13,000 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $18.60 per share, for a total transaction of $241,800.00. Following the completion of the purchase, the chief executive officer now directly owns 667,368 shares in the company, valued at approximately $12,413,044.80. This trade represents a 1.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 28,485 shares of company stock valued at $543,089. Insiders own 20.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.