OneSpaWorld (NASDAQ:OSW) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

OneSpaWorld (NASDAQ:OSW) announced its earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. The business had revenue of $211.23 million during the quarter, compared to analyst estimates of $206.98 million. OneSpaWorld had a net margin of 4.14% and a return on equity of 13.61%. During the same period in the previous year, the business earned $0.10 EPS. OneSpaWorld updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

OneSpaWorld Price Performance

Shares of OSW traded down $0.02 during midday trading on Friday, hitting $14.84. 352,190 shares of the company traded hands, compared to its average volume of 449,932. OneSpaWorld has a 52 week low of $9.82 and a 52 week high of $15.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.57. The firm has a 50 day moving average of $12.97 and a 200-day moving average of $12.81. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 54.96 and a beta of 2.12.

Insider Activity at OneSpaWorld

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

Analyst Ratings Changes

OSW has been the subject of several analyst reports. Truist Financial upped their price objective on OneSpaWorld from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, January 5th. Stifel Nicolaus raised their price objective on shares of OneSpaWorld from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th.

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.