On the Beach Group (OTB) Announces Quarterly Earnings Results
On the Beach Group (LON:OTB) released its quarterly earnings data on Thursday. The company reported GBX 17.60 ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 17.50 ($0.23) by GBX 0.10 ($0.00), Digital Look Earnings reports. On the Beach Group had a net margin of 20.71% and a return on equity of 18.56%. The business had revenue of GBX 835.60 billion during the quarter.
On the Beach Group (LON:OTB) opened at GBX 439.66 ($5.89) on Thursday. On the Beach Group has a 12-month low of GBX 3.95 ($0.05) and a 12-month high of GBX 482.50 ($6.46).
In other On the Beach Group news, insider Kirsteen Vickerstaff sold 7,021 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of GBX 427 ($5.72), for a total transaction of £29,979.67 ($40,149.55). Insiders have acquired 72 shares of company stock valued at $30,070 in the last quarter.
OTB has been the subject of several research reports. Peel Hunt reiterated a “buy” rating and set a GBX 500 ($6.70) price objective on shares of On the Beach Group in a research report on Friday, August 11th. Numis Securities reiterated a “buy” rating and set a GBX 456 ($6.11) price objective on shares of On the Beach Group in a research report on Monday, October 2nd. Finally, Berenberg Bank increased their price objective on shares of On the Beach Group from GBX 470 ($6.29) to GBX 520 ($6.96) and gave the company a “buy” rating in a research report on Friday, November 10th. Five research analysts have rated the stock with a buy rating, On the Beach Group has a consensus rating of “Buy” and an average target price of GBX 476.80 ($6.39).
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About On the Beach Group
On the Beach Group plc is a United Kingdom-based online travel agent. The Company operates in two segments: Core and International. The Company’s core segment conducts its activity through the United Kingdom Website (UK). The Company’s international segment conducts its activity through Swedish Website (eBeach.se).
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