OneWater Marine (ONEW) Set to Announce Earnings on Thursday

OneWater Marine (NASDAQ:ONEW) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

OneWater Marine Trading Down 6.7 %

NASDAQ:ONEW opened at $23.70 on Wednesday. The firm has a market capitalization of $380.62 million, a P/E ratio of -3.81 and a beta of 2.58. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35. OneWater Marine has a one year low of $20.00 and a one year high of $35.86. The company’s 50-day simple moving average is $22.69 and its 200 day simple moving average is $24.59.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ONEW. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research report on Wednesday, July 31st. KeyCorp dropped their target price on OneWater Marine from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.25.

Insider Activity

In other news, CEO Philip Austin Jr. Singleton purchased 6,700 shares of OneWater Marine stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $22.39 per share, with a total value of $150,013.00. Following the completion of the transaction, the chief executive officer now directly owns 620,217 shares of the company’s stock, valued at approximately $13,886,658.63. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Anthony M. Aisquith bought 5,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were acquired at an average price of $21.25 per share, for a total transaction of $106,250.00. Following the purchase, the chief operating officer now owns 729,316 shares of the company’s stock, valued at approximately $15,497,965. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Philip Austin Jr. Singleton purchased 6,700 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $22.39 per share, for a total transaction of $150,013.00. Following the acquisition, the chief executive officer now owns 620,217 shares in the company, valued at approximately $13,886,658.63. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 20,034 shares of company stock worth $441,828 over the last 90 days. 18.70% of the stock is currently owned by insiders.

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.