OneSpaWorld (NASDAQ:OSW) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

OneSpaWorld (NASDAQ:OSW) released its earnings results on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01, FiscalAI reports. OneSpaWorld had a net margin of 7.85% and a return on equity of 18.00%. The firm had revenue of $261.25 million during the quarter, compared to the consensus estimate of $260.54 million. During the same period in the previous year, the firm earned $0.19 earnings per share. OneSpaWorld’s revenue was up 8.5% compared to the same quarter last year.

Here are the key takeaways from OneSpaWorld’s conference call:

• Record performance continued: Second-quarter revenue rose 9% to $261.2 million and adjusted EBITDA increased 13% to $34.4 million, marking the company’s 21st consecutive quarter of record revenue and adjusted EBITDA.
• OneSpaWorld raised its full-year 2026 guidance to $1.018 billion-$1.038 billion in revenue and $130 million-$140 million in adjusted EBITDA, representing approximately 10% growth at the midpoint of both ranges.
• AI initiatives are beginning to support growth: The Amanda yield-optimization platform is deployed on 188 vessels and has produced a reported 4% service-revenue uplift among less-experienced managers, while other AI tools are improving support-ticket resolution and customer service efficiency.
• Forward demand remains strong, with pre-booked revenue up 14% and forward bookings up 20% year over year; guests who pre-book continue to spend more than 30% above other guests. Medi-Spa services also grew 17% in the quarter and are expected on 159 ships by year-end.
• The company cited a $1.3 million decline in destination-resort revenue and higher administrative expenses tied to the U.K. and Italy reorganization, while product revenue growth slowed after prior-year promotional inventory sales; management said it was not currently concerned about retail attachment.

OneSpaWorld Trading Up 0.1%

OSW traded up $0.03 during trading on Thursday, hitting $26.00. 1,366,271 shares of the company’s stock were exchanged, compared to its average volume of 987,959. The company has a current ratio of 2.52, a quick ratio of 1.40 and a debt-to-equity ratio of 0.15. OneSpaWorld has a 1 year low of $19.06 and a 1 year high of $29.25. The stock has a 50 day moving average price of $26.06 and a 200 day moving average price of $23.61. The firm has a market cap of $2.64 billion, a P/E ratio of 34.67 and a beta of 0.90.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. OneSpaWorld’s payout ratio is 26.67%.

Insider Buying and Selling at OneSpaWorld

In related news, Director Walter Field Mclallen sold 10,500 shares of OneSpaWorld stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.67, for a total transaction of $259,035.00. Following the transaction, the director owned 137,382 shares in the company, valued at approximately $3,389,213.94. The trade was a 7.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew R. Heyer sold 20,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.04, for a total transaction of $520,800.00. Following the sale, the director directly owned 489,817 shares of the company’s stock, valued at approximately $12,754,834.68. This trade represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of OneSpaWorld in the fourth quarter worth about $31,000. Arax Advisory Partners grew its stake in shares of OneSpaWorld by 428.8% in the fourth quarter. Arax Advisory Partners now owns 1,597 shares of the company’s stock valued at $33,000 after buying an additional 1,295 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of OneSpaWorld during the 3rd quarter valued at about $50,000. Empowered Funds LLC purchased a new stake in shares of OneSpaWorld during the 4th quarter valued at about $66,000. Finally, CIBC Private Wealth Group LLC acquired a new position in OneSpaWorld during the 3rd quarter worth approximately $87,000. 95.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on OSW shares. Wall Street Zen lowered shares of OneSpaWorld from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Stifel Nicolaus upped their price objective on OneSpaWorld from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings raised OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Truist Financial lifted their target price on OneSpaWorld from $28.00 to $29.00 and gave the company a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group lifted their target price on OneSpaWorld from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $30.60.

OneSpaWorld News Roundup

Here are the key news stories impacting OneSpaWorld this week:

• Positive Sentiment: Quarterly results exceeded expectations. OneSpaWorld reported second-quarter adjusted EPS of $0.29, above the $0.28 consensus estimate, while revenue reached $261.25 million, modestly ahead of the $260.54 million forecast. Revenue increased 8.5% year over year, and EPS rose from $0.19 in the prior-year quarter. OneSpaWorld second-quarter earnings report
• Positive Sentiment: Management raised its 2026 revenue outlook. The company now expects full-year revenue of approximately $1.02 billion to $1.04 billion, compared with a FactSet estimate of $1.03 billion. Third-quarter revenue guidance of $268 million to $273 million is broadly consistent with analyst expectations. OneSpaWorld Q2 adjusted net income and revenue outlook
• Positive Sentiment: Truist turned more bullish. Truist Financial raised its price target from $28 to $29 and assigned a “buy” rating, implying roughly 11.5% potential upside from the referenced share price. Truist price-target upgrade
• Positive Sentiment: The company declared a quarterly dividend of $0.05 per share. The payment is scheduled for September 2 for shareholders of record on August 19, providing an additional shareholder-return catalyst, although the indicated annualized yield is approximately 0.8%.
• Neutral Sentiment: Despite the earnings beat, Zacks characterized EPS as matching consensus, and the company’s valuation remains relatively full at roughly 35 times earnings. This could limit gains unless growth and guidance continue to improve.

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.