OneWater Marine (NASDAQ:ONEW) Posts Quarterly Earnings Results, Beats Expectations By $0.35 EPS

OneWater Marine (NASDAQ:ONEW) posted its quarterly earnings data on Thursday. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.35, Zacks reports. OneWater Marine had a negative net margin of 6.12% and a positive return on equity of 1.97%.

Here are the key takeaways from OneWater Marine’s conference call:

• Q1 revenue was $381M (+1% year-over-year) with gross margin expanding 110 basis points to 23.5%, adjusted EBITDA rising to $4M and adjusted diluted loss narrowing to $0.04.
• Pre-owned sales grew 24% (higher units and ASPs) as trade-in availability improved and management says inventory mix and age profile are the healthiest they’ve seen in years, supporting margins.
• Management has classified certain distribution assets as held for sale, recognized a $7M impairment, expects proceeds to repay the credit facility before March 31, 2026, but has not yet signed a definitive agreement.
• Company is maintaining FY26 guidance (sales $1.83B–$1.93B; adjusted EBITDA $65M–$85M; adj EPS $0.25–$0.75), expects ~100 bps improvement in new-boat margins for the year, and is prioritizing leverage reduction toward under 4x net debt/TTM EBITDA.

OneWater Marine Stock Up 0.6%

Shares of ONEW stock traded up $0.09 on Thursday, reaching $13.31. 94,573 shares of the stock were exchanged, compared to its average volume of 178,656. The company has a market capitalization of $219.93 million, a price-to-earnings ratio of -1.88 and a beta of 1.64. The business’s 50 day moving average price is $11.94 and its 200 day moving average price is $14.32. The company has a current ratio of 1.14, a quick ratio of 0.28 and a debt-to-equity ratio of 1.17. OneWater Marine has a twelve month low of $10.14 and a twelve month high of $21.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. KeyCorp reduced their target price on shares of OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneWater Marine in a research report on Thursday, January 22nd. Truist Financial lifted their target price on OneWater Marine from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research note on Friday, November 14th. Finally, Zacks Research upgraded OneWater Marine from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Occudo Quantitative Strategies LP purchased a new position in shares of OneWater Marine in the 3rd quarter valued at about $192,000. Two Sigma Investments LP purchased a new stake in OneWater Marine during the third quarter worth approximately $219,000. Bridgeway Capital Management LLC boosted its holdings in OneWater Marine by 5.9% in the third quarter. Bridgeway Capital Management LLC now owns 59,870 shares of the company’s stock valued at $948,000 after purchasing an additional 3,312 shares in the last quarter. Squarepoint Ops LLC purchased a new position in OneWater Marine in the third quarter valued at approximately $311,000. Finally, BNP Paribas Financial Markets raised its holdings in OneWater Marine by 94.4% during the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after purchasing an additional 1,395 shares in the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

OneWater Marine Company Profile

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.