Q3 2024 Earnings Forecast for OneSpaWorld Holdings Limited Issued By William Blair (NASDAQ:OSW)

OneSpaWorld Holdings Limited (NASDAQ:OSW) – Investment analysts at William Blair decreased their Q3 2024 EPS estimates for OneSpaWorld in a report issued 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 prior forecast 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 posted its 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). OneSpaWorld had a positive return on equity of 12.49% and a negative net margin of 0.37%. The business had revenue of $194.81 million for the quarter, compared to analyst estimates of $197.65 million.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus lifted their price target on shares of OneSpaWorld from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Truist Financial boosted their price objective on OneSpaWorld from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, January 5th.

OneSpaWorld Stock Up 2.0 %

OneSpaWorld stock opened at $12.78 on Thursday. 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 52-week low of $9.82 and a 52-week high of $15.12. The firm has a 50 day moving average price of $12.98 and a two-hundred day moving average price of $12.69. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -116.18 and a beta of 2.12.

Hedge Funds Weigh In On OneSpaWorld

Several institutional investors and hedge funds have recently added to or reduced their stakes in OSW. William Blair Investment Management LLC lifted its position in OneSpaWorld by 259.5% during the third quarter. William Blair Investment Management LLC now owns 1,244,675 shares of the company’s stock valued at $13,965,000 after buying an additional 898,415 shares during the period. Ranger Investment Management L.P. raised its position in shares of OneSpaWorld by 23.7% in the 3rd quarter. Ranger Investment Management L.P. now owns 2,780,490 shares of the company’s stock worth $31,197,000 after purchasing an additional 532,801 shares during the last quarter. Vanguard Group Inc. raised its position in shares of OneSpaWorld by 35.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,970,528 shares of the company’s stock worth $22,109,000 after purchasing an additional 514,137 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of OneSpaWorld in the 4th quarter worth about $4,926,000. Finally, Dimensional Fund Advisors LP raised its position in shares of OneSpaWorld by 16.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,260,110 shares of the company’s stock worth $31,869,000 after purchasing an additional 316,905 shares during the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.

Insider Buying and Selling at OneSpaWorld

In related news, Director Andrew R. Heyer sold 9,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $13.00, for a total value of $117,000.00. Following the completion of the sale, the director now owns 473,145 shares of the company’s stock, valued at $6,150,885. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Andrew R. Heyer sold 9,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $13.00, for a total value of $117,000.00. Following the completion of the sale, the director now owns 473,145 shares of the company’s stock, valued at $6,150,885. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maryam Banikarim sold 6,411 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were 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 disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

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.