OneSpaWorld Holdings Limited (NASDAQ:OSW) Given Consensus Recommendation of “Buy” by Brokerages

OneSpaWorld Holdings Limited (NASDAQ:OSW) has been assigned an average recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $28.20.

A number of equities research analysts recently weighed in on the company. Weiss Ratings upgraded OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wall Street Zen cut OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research upgraded OneSpaWorld from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Jefferies Financial Group assumed coverage on OneSpaWorld in a research report on Tuesday, March 24th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Truist Financial increased their price objective on OneSpaWorld from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday.

OneSpaWorld Price Performance

OSW opened at $23.99 on Tuesday. OneSpaWorld has a 1-year low of $18.19 and a 1-year high of $25.75. The stock’s fifty day simple moving average is $23.51 and its 200 day simple moving average is $21.85. The company has a current ratio of 2.52, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.43 billion, a PE ratio of 31.99 and a beta of 0.95.

OneSpaWorld (NASDAQ:OSW) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. OneSpaWorld had a return on equity of 18.00% and a net margin of 7.85%.The business had revenue of $247.63 million for the quarter, compared to analysts’ expectations of $244.51 million. During the same quarter in the prior year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, research analysts expect that OneSpaWorld will post 1.07 earnings per share for the current year.

OneSpaWorld Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.8%. OneSpaWorld’s dividend payout ratio (DPR) is presently 26.67%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OSW. Aster Capital Management DIFC Ltd bought a new position in OneSpaWorld during the 3rd quarter worth $29,000. Brown Brothers Harriman & Co. bought a new position in OneSpaWorld during the 4th quarter worth $31,000. Arax Advisory Partners increased its position in OneSpaWorld by 428.8% during the 4th quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock worth $33,000 after buying an additional 1,295 shares during the period. First Horizon Corp increased its position in OneSpaWorld by 120.4% during the 4th quarter. First Horizon Corp now owns 1,785 shares of the company’s stock worth $37,000 after buying an additional 975 shares during the period. Finally, Farther Finance Advisors LLC increased its position in OneSpaWorld by 325.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,932 shares of the company’s stock worth $40,000 after buying an additional 1,478 shares during the period. Institutional investors own 95.98% of the company’s stock.

OneSpaWorld Company Profile

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.