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

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

OneSpaWorld Stock Up 3.8 %

NASDAQ:OSW traded up $0.54 during mid-day trading on Thursday, hitting $14.84. The stock had a trading volume of 577,616 shares, compared to its average volume of 560,013. The stock has a 50-day simple moving average of $12.92 and a two-hundred day simple moving average of $12.75. The company has a market capitalization of $1.49 billion, a PE ratio of -133.90 and a beta of 2.11. OneSpaWorld has a twelve month low of $9.82 and a twelve month high of $15.12. 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 Analysts Forecast Growth

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

Insider Activity at OneSpaWorld

In related news, Director Andrew R. Heyer sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $13.00, for a total value of $117,000.00. Following the sale, the director now owns 473,145 shares of the company’s stock, valued at $6,150,885. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Andrew R. Heyer sold 9,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 473,145 shares in the company, valued at $6,150,885. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Maryam Banikarim sold 6,411 shares of OneSpaWorld 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 $990,248.55. The disclosure for this sale can be found here. 6.70% of the stock is owned by corporate insiders.

About OneSpaWorld

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.