Zacks: Brokerages Expect OneSpaWorld Holdings Limited (NASDAQ:OSW) Will Announce Quarterly Sales of $111.83 Million

Wall Street brokerages forecast that OneSpaWorld Holdings Limited (NASDAQ:OSWGet Rating) will report $111.83 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for OneSpaWorld’s earnings. The highest sales estimate is $116.60 million and the lowest is $105.70 million. OneSpaWorld reported sales of $9.16 million in the same quarter last year, which would suggest a positive year over year growth rate of 1,120.9%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that OneSpaWorld will report full year sales of $457.27 million for the current fiscal year, with estimates ranging from $438.70 million to $483.60 million. For the next financial year, analysts anticipate that the firm will post sales of $662.67 million, with estimates ranging from $617.50 million to $695.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for OneSpaWorld.

OneSpaWorld (NASDAQ:OSWGet Rating) last issued its earnings results on Wednesday, May 4th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.05. OneSpaWorld had a negative return on equity of 17.10% and a negative net margin of 47.57%. During the same quarter in the previous year, the firm posted ($0.21) earnings per share.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of OneSpaWorld from a “hold” rating to a “sell” rating in a research report on Saturday, January 15th. TheStreet upgraded shares of OneSpaWorld from a “d+” rating to a “c” rating in a report on Wednesday, March 30th.

NASDAQ:OSW opened at $9.61 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.15 and a current ratio of 1.72. OneSpaWorld has a fifty-two week low of $8.40 and a fifty-two week high of $12.52. The firm has a market cap of $884.77 million, a PE ratio of -11.72 and a beta of 2.19. The business has a 50 day moving average price of $10.20 and a 200-day moving average price of $10.33.

In other news, Director Andrew R. Heyer sold 13,948 shares of the stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $10.54, for a total value of $147,011.92. Following the completion of the transaction, the director now owns 510,199 shares of the company’s stock, valued at approximately $5,377,497.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Walter Field Mclallen sold 6,000 shares of OneSpaWorld stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $10.05, for a total value of $60,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,822 shares of company stock valued at $479,354. 13.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Arizona State Retirement System grew its position in shares of OneSpaWorld by 21.9% in the 3rd quarter. Arizona State Retirement System now owns 17,965 shares of the company’s stock worth $179,000 after buying an additional 3,225 shares during the period. BNP Paribas Arbitrage SA boosted its stake in OneSpaWorld by 40.7% during the third quarter. BNP Paribas Arbitrage SA now owns 102,663 shares of the company’s stock worth $1,024,000 after acquiring an additional 29,711 shares in the last quarter. Valmark Advisers Inc. grew its holdings in OneSpaWorld by 2.5% in the third quarter. Valmark Advisers Inc. now owns 65,660 shares of the company’s stock worth $655,000 after purchasing an additional 1,631 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of OneSpaWorld by 19.8% during the third quarter. UBS Asset Management Americas Inc. now owns 73,568 shares of the company’s stock valued at $733,000 after purchasing an additional 12,184 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of OneSpaWorld by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 2,163,077 shares of the company’s stock valued at $21,565,000 after purchasing an additional 7,973 shares during the last quarter. 85.97% of the stock is owned by institutional investors and hedge funds.

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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