OneWater Marine (ONEW) will release its quarterly results on Thursday
OneWater Marine Inc (NASDAQ:ONEW – Get Rating) is expected to release quarterly earnings data before market open Thursday, May 5. Analysts expect the company to report earnings of $2.06 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
OneWater Marine (NASDAQ:ONEW – Get Rating) last released its quarterly results on Thursday, February 3. The company reported earnings per share of $1.45 for the quarter, beating the consensus estimate of $1.06 by $0.39. The company posted revenue of $336.27 million for the quarter, versus $254.75 million expected by analysts. OneWater Marine achieved a net margin of 6.76% and a return on equity of 36.08%. In the same quarter a year earlier, the company posted earnings of $0.71 per share. On average, analysts expect OneWater Marine to post EPS of $8 for the current fiscal year and EPS of $9 for the next fiscal year.
NASDAQ:ONEW opened at $30.44 on Thursday. The stock has a market capitalization of $465.18 million, a P/E ratio of 3.97 and a beta of 3.32. The company’s fifty-day simple moving average is $39.38 and its 200-day simple moving average is $46.76. OneWater Marine has a 12-month low of $29.86 and a 12-month high of $62.79. The company has a quick ratio of 0.42, a current ratio of 1.14 and a debt ratio of 1.07.
In related news, director John Troiano sold 40,000 shares of the company in a trade dated Friday, March 4. The shares were sold at an average price of $50.01, for a total value of $2,000,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. During the last quarter, insiders sold 92,194 shares of the company worth $4,096,481. 20.90% of the shares are currently held by insiders of the company.
Institutional investors have recently changed their positions in the stock. Wells Fargo & Company MN increased its stake in OneWater Marine by 1.3% in Q2. Wells Fargo & Company MN now owns 40,275 shares of the company worth $1,693,000 after buying 507 additional shares last quarter. Citadel Advisors LLC increased its position in OneWater Marine by 33.8% in the 4th quarter. Citadel Advisors LLC now owns 24,976 shares of the company worth $1,523,000 after purchasing an additional 6,309 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in OneWater Marine in Q3 for a value of approximately $1,102,000. Invesco Ltd. raised its position in OneWater Marine by 12.7% in the third quarter. Invesco Ltd. now owns 23,645 shares of the company worth $951,000 after purchasing an additional 2,667 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in OneWater Marine by 16.3% in the 4th quarter. JPMorgan Chase & Co. now owns 10,613 shares of the company worth $647,000 after buying 1,487 additional shares in the last quarter. Institutional investors hold 70.25% of the company’s shares.
A number of analysts have recently commented on the stock. Truist Financial lowered its price target on OneWater Marine shares from $62.00 to $48.00 in a Thursday, April 7 report. Zacks Investment Research upgraded OneWater Marine shares from a “hold” rating to a “buy” rating and set a target price of $39.00 on the stock in a Wednesday, April 6 report. Raymond James raised his price target on OneWater Marine shares from $61.00 to $72.00 and gave the company an “outperform” rating in a Friday, February 4, report. Finally, Stifel Nicolaus lowered his price target on OneWater Marine shares from $62.00 to $52.00 in a report on Monday. Six investment analysts have rated the stock with a buy rating. According to data from MarketBeat, OneWater Marine has an average rating of “Buy” and a consensus price target of $55.43.
OneWater Marine Company Profile (Get an evaluation)
OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and used pleasure boats and yachts, as well as related marine products, such as parts and accessories. It also offers boat repair and maintenance services. In addition, the company organizes the financing and insurance of the boats; and other ancillary services, including indoor and outdoor storage and marina, as well as boat and watercraft rentals.
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