OneWater Marine (NASDAQ:ONEW) Releases Earnings Results, Beats Estimates By $0.35 EPS

OneWater Marine (NASDAQ:ONEW) announced its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, topping 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 Performance

Shares of ONEW stock traded up $0.09 during midday trading on Thursday, hitting $13.31. The company had a trading volume of 94,573 shares, compared to its average volume of 178,656. The stock has a market cap of $219.93 million, a price-to-earnings ratio of -1.88 and a beta of 1.64. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 0.28. The company’s 50 day simple moving average is $11.94 and its 200 day simple moving average is $14.32. OneWater Marine has a 52-week low of $10.14 and a 52-week high of $21.00.

Analyst Ratings Changes

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

Hedge Funds Weigh In On OneWater Marine

A number of hedge funds and other institutional investors have recently bought and sold shares of ONEW. Jane Street Group LLC increased its stake in OneWater Marine by 126.6% in the 2nd quarter. Jane Street Group LLC now owns 25,831 shares of the company’s stock valued at $346,000 after buying an additional 122,976 shares during the period. Marshall Wace LLP boosted its holdings in shares of OneWater Marine by 290.9% in the second quarter. Marshall Wace LLP now owns 92,042 shares of the company’s stock valued at $1,232,000 after acquiring an additional 68,494 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in shares of OneWater Marine during the second quarter worth about $757,000. Ameriprise Financial Inc. raised its holdings in OneWater Marine by 36.8% during the second quarter. Ameriprise Financial Inc. now owns 116,662 shares of the company’s stock worth $1,562,000 after purchasing an additional 31,410 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in OneWater Marine during the first quarter worth about $345,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

About OneWater Marine

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.