William Blair Comments on OneSpaWorld Holdings Limited’s Q3 2024 Earnings (NASDAQ:OSW)

OneSpaWorld Holdings Limited (NASDAQ:OSW) – William Blair raised their Q3 2024 earnings per share estimates for OneSpaWorld in a research note issued on Monday, July 22nd. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.20 for the quarter, up from their prior estimate of $0.18. The consensus estimate for OneSpaWorld’s current full-year earnings is $0.72 per share. William Blair also issued estimates for OneSpaWorld’s FY2024 earnings at $0.69 EPS.

Other research analysts have also issued research reports about the company. Stifel Nicolaus boosted their price objective on OneSpaWorld from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Loop Capital upped their target price on shares of OneSpaWorld from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Truist Financial raised their price target on shares of OneSpaWorld from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th.

OneSpaWorld Stock Performance

Shares of OSW stock opened at $16.52 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $15.52 and a two-hundred day moving average of $14.19. The company has a market cap of $1.66 billion, a P/E ratio of 61.19 and a beta of 2.14. OneSpaWorld has a 52 week low of $9.82 and a 52 week high of $17.25.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. OneSpaWorld had a net margin of 4.14% and a return on equity of 13.01%. The company 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 firm posted $0.10 EPS.

Insider Activity at OneSpaWorld

In other news, insider Susan Reardon Bonner sold 35,554 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $14.85, for a total transaction of $527,976.90. Following the completion of the transaction, the insider now owns 272,623 shares in the company, valued at approximately $4,048,451.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Walter Field Mclallen sold 2,500 shares of OneSpaWorld stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $15.23, for a total value of $38,075.00. Following the transaction, the director now directly owns 175,486 shares of the company’s stock, valued at $2,672,651.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Reardon Bonner sold 35,554 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $14.85, for a total transaction of $527,976.90. Following the sale, the insider now owns 272,623 shares in the company, valued at approximately $4,048,451.55. The disclosure for this sale can be found here. Insiders have sold 50,762 shares of company stock worth $755,153 over the last quarter. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of OneSpaWorld

Several large investors have recently added to or reduced their stakes in OSW. Ranger Investment Management L.P. increased its holdings in shares of OneSpaWorld by 4.2% in the 4th quarter. Ranger Investment Management L.P. now owns 2,898,255 shares of the company’s stock valued at $40,865,000 after purchasing an additional 117,765 shares during the period. DAVENPORT & Co LLC increased its stake in OneSpaWorld by 21.1% in the 1st quarter. DAVENPORT & Co LLC now owns 2,694,704 shares of the company’s stock valued at $35,970,000 after buying an additional 470,415 shares during the period. New South Capital Management Inc. lifted its position in OneSpaWorld by 10.4% in the 1st quarter. New South Capital Management Inc. now owns 2,651,046 shares of the company’s stock worth $35,073,000 after buying an additional 250,217 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of OneSpaWorld by 16.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,260,110 shares of the company’s stock valued at $31,869,000 after buying an additional 316,905 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of OneSpaWorld by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 2,176,709 shares of the company’s stock valued at $28,798,000 after acquiring an additional 84,423 shares in the last quarter. 95.98% of the stock is owned by institutional investors and hedge funds.

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.