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

OneWater Marine (NASDAQ:ONEW - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 3.250-3.750 for the period, compared to the consensus estimate of 3.450. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of analysts have commented on the company. KeyCorp reduced their price objective on OneWater Marine from $34.00 to $30.00 and set an overweight rating for the company in a research report on Friday. Stifel Nicolaus raised their price objective on shares of OneWater Marine from $32.00 to $34.00 and gave the stock a buy rating in a report on Wednesday, January 17th. DA Davidson reissued a neutral rating and issued a $27.00 target price on shares of OneWater Marine in a research note on Friday, March 15th. Finally, Truist Financial decreased their price objective on OneWater Marine from $38.00 to $35.00 and set a buy rating on the stock in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $31.60.

OneWater Marine Stock Down 1.3 %

Shares of NASDAQ ONEW traded down $0.31 during trading hours on Friday, hitting $22.68. The company had a trading volume of 81,565 shares, compared to its average volume of 90,475. The stock has a market capitalization of $362.20 million, a P/E ratio of -5.86 and a beta of 2.55. OneWater Marine has a 1-year low of $20.07 and a 1-year high of $39.15. The firm's 50 day moving average is $25.03 and its 200-day moving average is $26.61. The company has a quick ratio of 0.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.13.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.08). The business had revenue of $364.01 million during the quarter, compared to analyst estimates of $370.33 million. OneWater Marine had a negative net margin of 2.83% and a positive return on equity of 11.55%. On average, analysts expect that OneWater Marine will post 3.58 earnings per share for the current fiscal year.

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 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.