OneWater Marine (ONEW) to Release Earnings on Tuesday

OneWater Marine (NASDAQ:ONEW) will be posting its quarterly earnings results before the market opens on Tuesday, July 30th. Analysts expect OneWater Marine to post earnings of $2.06 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

OneWater Marine (NASDAQ:ONEW) last released its earnings results on Thursday, May 2nd. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.05). The firm had revenue of $488.32 million during the quarter, compared to analyst estimates of $500.87 million. OneWater Marine had a negative net margin of 4.29% and a positive return on equity of 9.20%. On average, analysts expect OneWater Marine to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

OneWater Marine Stock Performance

Shares of ONEW opened at $30.40 on Monday. The stock has a 50-day simple moving average of $27.24 and a 200-day simple moving average of $26.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.30 and a current ratio of 1.21. The stock has a market capitalization of $487.01 million, a PE ratio of -5.33 and a beta of 2.58. OneWater Marine has a 1 year low of $20.07 and a 1 year high of $38.40.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ONEW. KeyCorp decreased their price objective on OneWater Marine from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.60.

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.