OneWater Marine (ONEW) to Release Earnings on Thursday

OneWater Marine (NASDAQ:ONEW) is scheduled to be issuing 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 listening to the company’s conference call can do so using this link.

OneWater Marine Trading Up 10.1 %

Shares of OneWater Marine stock opened at $25.81 on Thursday. OneWater Marine has a 1 year low of $20.00 and a 1 year high of $35.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35. The business has a 50 day moving average price of $22.62 and a 200 day moving average price of $24.54. The company has a market capitalization of $414.51 million, a P/E ratio of -3.88 and a beta of 2.58.

Analyst Ratings Changes

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

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, Director Jeffrey B. Lamkin acquired 30,919 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $22.27 per share, for a total transaction of $688,566.13. Following the completion of the acquisition, the director now directly owns 56,705 shares of the company’s stock, valued at $1,262,820.35. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Jeffrey B. Lamkin acquired 30,919 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $22.27 per share, for a total transaction of $688,566.13. Following the acquisition, the director now directly owns 56,705 shares in the company, valued at approximately $1,262,820.35. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Philip Austin Jr. Singleton bought 3,334 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average cost of $23.04 per share, for a total transaction of $76,815.36. Following the completion of the transaction, the chief executive officer now directly owns 613,517 shares of the company’s stock, valued at approximately $14,135,431.68. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 56,529 shares of company stock worth $1,257,393. Insiders own 18.70% of the company’s stock.

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.