OneSpaWorld Holdings Limited to Post Q3 2024 Earnings of $0.16 Per Share, William Blair Forecasts (NASDAQ:OSW)

OneSpaWorld Holdings Limited (NASDAQ:OSW) – Research analysts at William Blair lowered their Q3 2024 earnings per share estimates for shares of OneSpaWorld in a note issued to investors on Wednesday, April 24th. William Blair analyst S. Zackfia now expects that the company will earn $0.16 per share for the quarter, down from their previous estimate of $0.17. The consensus estimate for OneSpaWorld’s current full-year earnings is $0.65 per share. William Blair also issued estimates for OneSpaWorld’s FY2024 earnings at $0.62 EPS and FY2025 earnings at $0.70 EPS.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $194.81 million during the quarter, compared to the consensus estimate of $197.65 million. OneSpaWorld had a positive return on equity of 12.49% and a negative net margin of 0.37%.

OSW has been the topic of several other research reports. Stifel Nicolaus upped their price objective on shares of OneSpaWorld from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Truist Financial upped their target price on OneSpaWorld from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, January 5th.

OneSpaWorld Stock Up 0.7 %

Shares of OSW stock opened at $12.52 on Thursday. The stock’s fifty day moving average price is $13.07 and its 200 day moving average price is $12.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.57. OneSpaWorld has a 1-year low of $9.82 and a 1-year high of $15.12.

Institutional Investors Weigh In On OneSpaWorld

Several hedge funds have recently modified their holdings of the stock. BluePath Capital Management LLC acquired a new position in OneSpaWorld in the 3rd quarter worth $37,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of OneSpaWorld in the third quarter worth about $56,000. Allspring Global Investments Holdings LLC boosted its holdings in OneSpaWorld by 125.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,603 shares of the company’s stock valued at $130,000 after purchasing an additional 6,447 shares during the last quarter. CenterBook Partners LP acquired a new stake in OneSpaWorld during the 3rd quarter valued at approximately $130,000. Finally, Amalgamated Bank grew its stake in OneSpaWorld by 10.5% during the 3rd quarter. Amalgamated Bank now owns 12,035 shares of the company’s stock valued at $135,000 after purchasing an additional 1,144 shares in the last quarter. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at OneSpaWorld

In related 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 completion of the transaction, the director now owns 473,145 shares in the company, valued at approximately $6,150,885. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Maryam Banikarim sold 6,411 shares of the 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 of the company’s stock, valued at approximately $990,248.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew R. Heyer sold 9,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $13.00, for a total value of $117,000.00. Following the sale, the director now owns 473,145 shares of the company’s stock, valued at $6,150,885. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

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.