OneSpaWorld (NASDAQ:OSW) Issues Quarterly Earnings Results

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

OneSpaWorld Trading Up 4.2 %

OneSpaWorld stock traded up $0.60 during trading hours on Thursday, hitting $14.90. The stock had a trading volume of 605,232 shares, compared to its average volume of 560,245. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -133.90 and a beta of 2.11. OneSpaWorld has a one year low of $9.82 and a one year high of $15.12. The business’s 50 day simple moving average is $12.92 and its 200-day simple moving average is $12.75.

Analyst Ratings Changes

Several research analysts have weighed in on OSW shares. Truist Financial increased their price objective on OneSpaWorld from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, January 5th. Stifel Nicolaus raised their price objective on OneSpaWorld from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th.

Insiders Place Their Bets

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