Zacks: Analysts Expect OneSpaWorld Holdings Limited (NASDAQ:OSW) Will Announce Quarterly Sales of $84.77 Million

Wall Street analysts predict that OneSpaWorld Holdings Limited (NASDAQ:OSWGet Rating) will post sales of $84.77 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for OneSpaWorld’s earnings. The highest sales estimate is $89.80 million and the lowest is $81.20 million. OneSpaWorld posted sales of $5.59 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1,416.5%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that OneSpaWorld will report full year sales of $457.27 million for the current financial year, with estimates ranging from $438.70 million to $483.60 million. For the next fiscal year, analysts forecast that the company will post sales of $662.67 million, with estimates ranging from $617.50 million to $695.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for OneSpaWorld.

OneSpaWorld (NASDAQ:OSWGet Rating) last announced its earnings results on Wednesday, March 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. OneSpaWorld had a negative net margin of 47.57% and a negative return on equity of 17.10%. The business had revenue of $85.65 million for the quarter, compared to analyst estimates of $84.53 million. During the same quarter in the previous year, the firm posted ($0.28) earnings per share.

A number of research firms have weighed in on OSW. Zacks Investment Research downgraded shares of OneSpaWorld from a “hold” rating to a “sell” rating in a research note on Saturday, January 15th. TheStreet upgraded shares of OneSpaWorld from a “d+” rating to a “c” rating in a research note on Wednesday, March 30th.

Shares of OSW stock opened at $10.50 on Friday. OneSpaWorld has a 1 year low of $8.40 and a 1 year high of $12.52. The firm’s fifty day simple moving average is $10.22 and its 200 day simple moving average is $10.33. The firm has a market capitalization of $966.71 million, a P/E ratio of -12.80 and a beta of 2.34. The company has a current ratio of 1.72, a quick ratio of 1.15 and a debt-to-equity ratio of 0.78.

In other news, Director Andrew R. Heyer sold 9,594 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $10.52, for a total value of $100,928.88. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Walter Field Mclallen sold 6,000 shares of the business’s stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of $10.05, for a total transaction of $60,300.00. The disclosure for this sale can be found here. Insiders have sold 16,597 shares of company stock worth $171,769 in the last quarter. Corporate insiders own 13.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC acquired a new position in OneSpaWorld during the 4th quarter worth about $47,000. Royal Bank of Canada lifted its position in OneSpaWorld by 60.4% during the 3rd quarter. Royal Bank of Canada now owns 5,896 shares of the company’s stock worth $58,000 after buying an additional 2,220 shares in the last quarter. Citigroup Inc. lifted its position in OneSpaWorld by 71.8% during the 3rd quarter. Citigroup Inc. now owns 10,428 shares of the company’s stock worth $104,000 after buying an additional 4,358 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in OneSpaWorld during the 3rd quarter worth about $106,000. Finally, Advisor Group Holdings Inc. lifted its position in OneSpaWorld by 9.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 10,905 shares of the company’s stock worth $108,000 after buying an additional 959 shares in the last quarter. Institutional investors and hedge funds own 83.15% of the company’s stock.

OneSpaWorld Company Profile (Get Rating)

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.

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