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

OneSpaWorld (NASDAQ:OSW) issued its quarterly earnings data 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. OneSpaWorld had a positive return on equity of 12.49% and a negative net margin of 0.37%. The business had revenue of $211.23 million for the quarter, compared to the consensus estimate of $206.98 million. During the same period 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 3.8 %

Shares of OSW stock traded up $0.54 on Thursday, reaching $14.84. 577,616 shares of the stock were exchanged, compared to its average volume of 560,013. The stock has a 50 day moving average price of $12.92 and a 200 day moving average price of $12.75. The stock has a market cap of $1.49 billion, a PE 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 company has a debt-to-equity ratio of 0.36, a current ratio of 1.57 and a quick ratio of 0.98.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director Maryam Banikarim sold 6,411 shares of the firm’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 directly owns 75,765 shares in the company, valued at approximately $990,248.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other OneSpaWorld news, Director Maryam Banikarim sold 6,411 shares of the 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 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 Securities & Exchange Commission, which is available at this link. Also, Director Andrew R. Heyer sold 9,000 shares of the stock in a transaction dated 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. Corporate insiders own 6.70% of the company’s stock.

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.