OneSpaWorld Holdings Limited (NASDAQ:OSW) Announces Quarterly Dividend of $0.05

OneSpaWorld Holdings Limited (NASDAQ:OSW) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.05 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 19th.

OneSpaWorld has raised its dividend payment by an average of 0.2%per year 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 $1.23 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 16.3%.

OneSpaWorld Stock Down 6.3%

OneSpaWorld stock opened at $25.97 on Thursday. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 34.63 and a beta of 0.90. The stock has a fifty day simple moving average of $26.06 and a two-hundred day simple moving average of $23.61. OneSpaWorld has a 12 month low of $19.06 and a 12 month high of $29.25. 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 (NASDAQ:OSW) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. OneSpaWorld had a return on equity of 18.00% and a net margin of 7.85%.The company had revenue of $261.25 million for the quarter, compared to analysts’ expectations of $260.54 million. During the same period last year, the firm posted $0.19 earnings per share. OneSpaWorld’s revenue was up 8.5% compared to the same quarter last year. Equities analysts predict that OneSpaWorld will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on OSW shares. Wall Street Zen cut shares of OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded shares of OneSpaWorld from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. TD Cowen boosted their price objective on shares of OneSpaWorld from $27.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Truist Financial increased their price objective on shares of OneSpaWorld from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Jefferies Financial Group raised their target price on shares of OneSpaWorld from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $29.20.

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.