OneSpaWorld (NASDAQ:OSW) Reaches New 1-Year High After Earnings Beat

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s share price hit a new 52-week high on Wednesday following a better than expected earnings announcement. The stock traded as high as $25.33 and last traded at $25.1520, with a volume of 826496 shares changing hands. The stock had previously closed at $23.75.

The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. OneSpaWorld had a net margin of 7.45% and a return on equity of 17.08%. The company had revenue of $247.63 million for the quarter, compared to the consensus estimate of $243.89 million. During the same quarter in the previous year, the company earned $0.15 EPS. OneSpaWorld’s quarterly revenue was up 12.8% compared to the same quarter last year.

OneSpaWorld Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, May 20th. OneSpaWorld’s payout ratio is presently 28.99%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of OneSpaWorld from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. TD Cowen boosted their target price on shares of OneSpaWorld from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Jefferies Financial Group began coverage on shares of OneSpaWorld in a research report on Tuesday, March 24th. They set a “buy” rating and a $30.00 target price on the stock. Truist Financial boosted their price target on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus decreased their price target on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $26.33.

Institutional Trading of OneSpaWorld

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oak Ridge Investments LLC bought a new stake in shares of OneSpaWorld in the 3rd quarter worth $2,817,000. Vest Financial LLC grew its stake in shares of OneSpaWorld by 72.9% in the 3rd quarter. Vest Financial LLC now owns 197,176 shares of the company’s stock worth $4,168,000 after acquiring an additional 83,143 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of OneSpaWorld by 40,623.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 51,311 shares of the company’s stock worth $1,064,000 after acquiring an additional 51,185 shares in the last quarter. First Trust Advisors LP grew its stake in shares of OneSpaWorld by 45.6% in the 3rd quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock worth $65,298,000 after acquiring an additional 966,889 shares in the last quarter. Finally, Royce & Associates LP grew its stake in shares of OneSpaWorld by 22.7% in the 3rd quarter. Royce & Associates LP now owns 270,059 shares of the company’s stock worth $5,709,000 after acquiring an additional 50,003 shares in the last quarter. Institutional investors own 95.98% of the company’s stock.

OneSpaWorld Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.91. The stock has a market cap of $2.52 billion, a P/E ratio of 35.99 and a beta of 0.95. The company’s 50 day moving average price is $22.58 and its 200-day moving average price is $21.52.

About OneSpaWorld

OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.

OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.