OneSpaWorld (NASDAQ:OSW) Announces Earnings Results

OneSpaWorld (NASDAQ:OSW) posted its earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.10 earnings per share. OneSpaWorld updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

OneSpaWorld Price Performance

OSW traded up $0.60 during trading on Thursday, reaching $14.90. The company’s 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 firm has a fifty day simple moving average of $12.92 and a two-hundred day simple moving average of $12.75. OneSpaWorld has a 1 year low of $9.82 and a 1 year high of $15.12. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -133.90 and a beta of 2.11.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OSW. Truist Financial increased their price objective on OneSpaWorld from $14.00 to $16.00 and gave the company a “buy” rating in a 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 research report on Wednesday, January 10th.

Insiders Place Their Bets

In other OneSpaWorld news, Director Andrew R. Heyer sold 9,000 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Maryam Banikarim sold 6,411 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 75,765 shares of the company’s stock, valued at $990,248.55. The sale was disclosed in a legal 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 that occurred on Monday, March 4th. The stock was 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 approximately $6,150,885. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by company 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.