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

OneSpaWorld (NASDAQ:OSW - Get Free Report) issued 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 company had revenue of $211.23 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $0.10 earnings per share. OneSpaWorld updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

OneSpaWorld Stock Up 3.9 %

Shares of NASDAQ OSW traded up $0.56 during mid-day trading on Thursday, hitting $14.86. The company had a trading volume of 1,060,348 shares, compared to its average volume of 565,855. The company has a market capitalization of $1.49 billion, a PE ratio of -134.90 and a beta of 2.11. 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 1-year low of $9.82 and a 1-year high of $15.12. The business's 50-day simple moving average is $12.93 and its 200 day simple moving average is $12.76.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on OneSpaWorld from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Truist Financial upped their price target on OneSpaWorld from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, January 5th.

Insider Activity

In other news, Director Maryam Banikarim sold 6,411 shares of the 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 sale, the director now directly owns 75,765 shares in the company, valued at $990,248.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Maryam Banikarim sold 6,411 shares of the 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $117,000.00. Following the completion of the transaction, the director now directly owns 473,145 shares in the company, valued at approximately $6,150,885. 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.