Onewater Marine stock plunges to 52-week low at $11.9

Published 01/05/2025, 14:32
Onewater Marine stock plunges to 52-week low at $11.9

In a challenging year for Onewater Marine (NASDAQ:ONEW) Inc., the company’s stock has hit a 52-week low, dropping to $11.9 amidst market headwinds. According to InvestingPro data, this represents a dramatic decline from its 52-week high of $31.36, with analysts setting price targets between $16 and $20. This latest price level reflects a significant downturn from previous periods, marking a stark contrast to the company’s performance over the past year. While the company currently shows negative earnings, InvestingPro analysis indicates expected profitability this year, with an EPS forecast of $1.51. The company maintains a healthy current ratio of 1.24 and generates strong free cash flow, despite the challenging environment. This decline underscores the volatility and the pressures faced by the marine industry, as the company navigates through economic uncertainties and shifting consumer demands. Get access to 7 additional InvestingPro Tips and a comprehensive Pro Research Report for deeper insights into Onewater Marine’s financial health and growth prospects.

In other recent news, OneWater Marine reported its Q2 2025 earnings, revealing a significant miss on both earnings per share (EPS) and revenue compared to analyst forecasts. The company posted an EPS of $0.13, falling short of the expected $0.36, while revenue came in at $484 million, below the anticipated $495.73 million. This marks a notable deviation from previous quarters, where the company has either met or exceeded earnings expectations. The company continues to focus on premium boat segments despite industry challenges, with ongoing inventory reduction and cost-saving initiatives. Macroeconomic factors, including tariffs and interest rates, are impacting performance, contributing to a net loss of $375,000, or $0.02 per diluted share. The company projects total sales for FY2025 to be between $1.7 billion and $1.8 billion, with same-store sales expected to remain flat or decline slightly. Analysts from Raymond (NSE:RYMD) James and Benchmark have shown interest in the company’s strategic pricing and brand management, with discussions on inventory management and market share gains. The company remains cautious about the ongoing tariff and macroeconomic uncertainties, focusing on rationalizing its brand portfolio and streamlining operations.

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