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

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

OneSpaWorld Stock Down 0.1 %

Shares of OSW stock traded down $0.02 during trading hours on Friday, hitting $14.84. 352,190 shares of the company were exchanged, compared to its average volume of 449,932. The company has a market capitalization of $1.49 billion, a PE ratio of 54.96 and a beta of 2.12. OneSpaWorld has a 52 week low of $9.82 and a 52 week high of $15.12. The business has a 50 day moving average of $12.97 and a two-hundred day moving average of $12.81. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

A number of research firms recently commented on OSW. Truist Financial upped their price objective on shares of OneSpaWorld from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, January 5th. Stifel Nicolaus increased their price target on OneSpaWorld from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th.

Insiders Place Their Bets

In related 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 of the company’s stock, valued at $6,150,885. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Andrew R. Heyer sold 9,000 shares of the 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 in the company, valued at $6,150,885. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Maryam Banikarim sold 6,411 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $13.07, for a total transaction of $83,791.77. Following the completion of the transaction, the director now owns 75,765 shares in the company, valued at approximately $990,248.55. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

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.