OneSpaWorld Holdings Limited (NASDAQ:OSW) to Issue $0.05 Quarterly Dividend

OneSpaWorld Holdings Limited (NASDAQ:OSW) announced a quarterly dividend on Wednesday, April 29th. Shareholders of record on Wednesday, May 20th will be paid a dividend of 0.05 per share on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, May 20th.

OneSpaWorld has raised its dividend by an average of 0.2%annually over the last three years. OneSpaWorld has a dividend payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OneSpaWorld to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 17.1%.

OneSpaWorld Trading Up 0.8%

OneSpaWorld stock opened at $25.02 on Thursday. OneSpaWorld has a 1 year low of $16.16 and a 1 year high of $25.34. The firm’s 50 day moving average price is $22.64 and its 200-day moving average price is $21.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.91 and a quick ratio of 1.10. The stock has a market cap of $2.54 billion, a P/E ratio of 36.93 and a beta of 0.95.

OneSpaWorld (NASDAQ:OSW) last issued its earnings results on Wednesday, February 18th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The company had revenue of $242.13 million for the quarter, compared to the consensus estimate of $243.07 million. OneSpaWorld had a return on equity of 17.08% and a net margin of 7.45%.OneSpaWorld’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 EPS. On average, equities analysts predict that OneSpaWorld will post 1.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OSW. TD Cowen raised their price objective on OneSpaWorld from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Zacks Research raised OneSpaWorld from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Jefferies Financial Group began coverage on OneSpaWorld in a research note on Tuesday, March 24th. They issued a “buy” rating and a $30.00 price objective on the stock. Truist Financial upped their price objective on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, Stifel Nicolaus lowered their target price on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $26.33.

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.