OneWater Marine (NASDAQ:ONEW) Issues FY 2024 Earnings Guidance

OneWater Marine (NASDAQ:ONEW) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.25-$3.75 for the period, compared to the consensus estimate of $4.34. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ONEW shares. Robert W. Baird cut their price objective on shares of OneWater Marine from $42.00 to $32.00 and set an outperform rating on the stock in a research note on Friday, August 4th. KeyCorp cut their price target on OneWater Marine from $42.00 to $36.00 and set an overweight rating on the stock in a research report on Friday, August 4th. Finally, Truist Financial reduced their price objective on OneWater Marine from $32.00 to $28.00 and set a buy rating for the company in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, OneWater Marine presently has a consensus rating of Moderate Buy and a consensus target price of $32.80.

OneWater Marine Stock Down 0.2 %

ONEW stock opened at $26.58 on Thursday. OneWater Marine has a one year low of $21.78 and a one year high of $39.15. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.37 and a current ratio of 1.26. The firm’s fifty day moving average is $24.43 and its 200 day moving average is $28.72. The firm has a market cap of $419.70 million, a PE ratio of 4.92 and a beta of 2.52.

Insider Transactions at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 2,378 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of $25.47 per share, for a total transaction of $60,567.66. Following the purchase, the chief executive officer now directly owns 580,183 shares in the company, valued at $14,777,261.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On OneWater Marine

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming grew its position in shares of OneWater Marine by 12.6% in the second quarter. State of Wyoming now owns 3,735 shares of the company’s stock valued at $135,000 after purchasing an additional 418 shares during the period. FMR LLC raised its holdings in shares of OneWater Marine by 408.0% during the first quarter. FMR LLC now owns 4,719 shares of the company’s stock valued at $132,000 after acquiring an additional 3,790 shares during the last quarter. Citigroup Inc. lifted its position in shares of OneWater Marine by 350,500.0% in the second quarter. Citigroup Inc. now owns 3,506 shares of the company’s stock valued at $127,000 after acquiring an additional 3,505 shares in the last quarter. UBS Group AG acquired a new stake in shares of OneWater Marine in the fourth quarter worth approximately $126,000. Finally, Barclays PLC increased its position in shares of OneWater Marine by 490.4% during the fourth quarter. Barclays PLC now owns 3,029 shares of the company’s stock worth $87,000 after purchasing an additional 2,516 shares in the last quarter. Hedge funds and other institutional investors own 63.98% of the company’s stock.

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 also 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, as well as rental of boats and personal watercraft.