OneSpaWorld (NASDAQ:OSW) Announces Earnings Results, Beats Estimates By $0.03 EPS

OneSpaWorld (NASDAQ:OSW) announced its earnings results on Wednesday. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. OneSpaWorld had a positive return on equity of 12.49% and a negative net margin of 0.37%. The company had revenue of $211.23 million during the quarter, compared to analysts’ expectations of $206.98 million. During the same period last year, the business posted $0.10 EPS. OneSpaWorld updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

OneSpaWorld Stock Up 3.0 %

Shares of NASDAQ OSW traded up $0.43 during midday trading on Thursday, hitting $14.73. 321,584 shares of the company’s stock were exchanged, compared to its average volume of 556,720. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.57 and a quick ratio of 0.98. OneSpaWorld has a twelve month low of $9.82 and a twelve month high of $15.12. The company has a market cap of $1.48 billion, a PE ratio of -129.99 and a beta of 2.11. The firm’s fifty day simple moving average is $12.92 and its 200-day simple moving average is $12.75.

Insider Transactions at OneSpaWorld

In other OneSpaWorld news, Director Andrew R. Heyer sold 9,000 shares of OneSpaWorld stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $13.00, for a total transaction of $117,000.00. Following the transaction, the director now owns 473,145 shares of the company’s stock, valued at $6,150,885. The transaction was disclosed in a filing with the SEC, which is available at this link. In other OneSpaWorld news, Director Andrew R. Heyer sold 9,000 shares of OneSpaWorld stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $13.00, for a total value of $117,000.00. Following the transaction, the director now directly owns 473,145 shares in the company, valued at approximately $6,150,885. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maryam Banikarim sold 6,411 shares of OneSpaWorld stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $13.07, for a total value of $83,791.77. Following the completion of the transaction, the director now owns 75,765 shares in the company, valued at $990,248.55. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on OneSpaWorld from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Truist Financial increased their price target on OneSpaWorld from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, January 5th.

OneSpaWorld Company Profile

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.