OneWater Marine (NASDAQ:ONEW) Releases FY 2022 Earnings Guidance

OneWater Marine (NASDAQ:ONEW) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $7.200-$7.500 for the period, compared to the Thomson Reuters consensus estimate of $6.890. The company issued revenue guidance of -.

OneWater Marine stock traded down $0.97 during midday trading on Thursday, reaching $53.43. The stock had a trading volume of 29,366 shares, compared to its average volume of 83,835. The firm has a fifty day moving average of $44.14. The firm has a market cap of $803.53 million, a price-to-earnings ratio of 9.18 and a beta of 3.59. OneWater Marine has a twelve month low of $26.33 and a twelve month high of $56.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.26.

OneWater Marine (NASDAQ:ONEW) last announced its earnings results on Thursday, November 18th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.18 by $0.17. OneWater Marine had a net margin of 5.31% and a return on equity of 34.54%. During the same period in the prior year, the firm posted $0.90 EPS. As a group, research analysts predict that OneWater Marine will post 6.77 EPS for the current fiscal year.

Several analysts have issued reports on the stock. Wolfe Research started coverage on shares of OneWater Marine in a research report on Thursday, September 30th. They set an outperform rating and a $45.00 price target on the stock. KeyCorp raised their price target on shares of OneWater Marine from $56.00 to $62.00 and gave the stock an overweight rating in a research report on Friday, November 19th. Truist Securities raised their price target on shares of OneWater Marine from $50.00 to $60.00 and gave the stock a buy rating in a research report on Friday, November 19th. Raymond James lowered their price target on shares of OneWater Marine from $68.00 to $61.00 and set an outperform rating on the stock in a research report on Friday, July 30th. Finally, Zacks Investment Research raised shares of OneWater Marine from a hold rating to a strong-buy rating and set a $63.00 price target on the stock in a research report on Wednesday. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, OneWater Marine has a consensus rating of Buy and a consensus target price of $57.88.

In other news, CEO Philip Austin Jr. Singleton sold 5,453 shares of the company’s stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $55.00, for a total transaction of $299,915.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mitchell W. Legler sold 1,500 shares of the company’s stock in a transaction dated Wednesday, October 13th. The shares were sold at an average price of $41.82, for a total value of $62,730.00. The disclosure for this sale can be found here. In the last three months, insiders sold 82,259 shares of company stock valued at $4,258,010. 24.63% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of OneWater Marine by 4.6% during the third quarter. Bank of New York Mellon Corp now owns 65,556 shares of the company’s stock valued at $2,637,000 after acquiring an additional 2,881 shares in the last quarter. Millennium Management LLC boosted its position in shares of OneWater Marine by 4.1% during the third quarter. Millennium Management LLC now owns 44,349 shares of the company’s stock valued at $1,783,000 after buying an additional 1,752 shares during the last quarter. Royal Bank of Canada boosted its position in OneWater Marine by 5.2% in the third quarter. Royal Bank of Canada now owns 5,579 shares of the company’s stock worth $225,000 after purchasing an additional 277 shares during the last quarter. Invesco Ltd. lifted its position in shares of OneWater Marine by 12.7% during the 3rd quarter. Invesco Ltd. now owns 23,645 shares of the company’s stock valued at $951,000 after buying an additional 2,667 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in OneWater Marine during the 3rd quarter valued at approximately $1,102,000. 71.04% of the stock is owned by hedge funds and other institutional investors.

OneWater Marine Company Profile

OneWater Marine Inc operates as a recreational boat retailer in the United States. It offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. The company also provides boat repair and maintenance services; 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 and Estimates for OneWater Marine (NASDAQ:ONEW)

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