Saga (LON:SAGA) Posts Quarterly Earnings Results

Posted by Joseph Griffin on Sep 30th, 2026

Saga (LON:SAGA – Get Free Report) announced its earnings results on Wednesday. The company reported GBX 20.50 EPS for the quarter, Digital Look Earnings reports. Saga had a negative return on equity of 15.72% and a negative net margin of 1.53%.

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

Strong first-half performance: Underlying revenue rose 14% to £366 million, while underlying profit before tax nearly doubled to £46.6 million, driven by growth across travel and insurance.
Saga raised full-year underlying profit guidance to £65 million–£70 million, versus £44 million last year, and said it now expects to reach its medium-term targets of £100 million profit and leverage below two times ahead of January 2030.
Ocean Cruise remained the main growth engine, with profit before tax up 38%, per diems up 13% and strong forward bookings supporting continued pricing power; group net debt fell to £429.1 million and leverage improved to 2.7 times.
The insurance transformation is gaining traction, with Insurance Broking profit before tax up 75%, policies in force up 5% and lower operating costs expected as the Ageas partnership and simpler operating model mature.
Management flagged risks from low river levels, which are expected to reduce full-year River Cruise profit, and Middle East disruption affecting the Holidays business; Ageas-related exceptional costs will also continue next year, albeit at a lower level.

Saga Trading Up 21.9%

SAGA opened at GBX 781.12 on Wednesday. The company has a fifty day moving average price of GBX 652.95 and a two-hundred day moving average price of GBX 596.52. Saga has a 1-year low of GBX 237 and a 1-year high of GBX 782. The company has a current ratio of 1.35, a quick ratio of 0.67 and a debt-to-equity ratio of 934.58. The company has a market cap of £1.14 billion, a P/E ratio of 325.47, a price-to-earnings-growth ratio of 1.22 and a beta of 2.02.

Insider Transactions at Saga

In related news, insider Mike Hazell bought 276 shares of the company’s stock in a transaction on Wednesday, July 15th. The shares were purchased at an average cost of GBX 652 per share, for a total transaction of £1,799.52. Also, insider Mark Watkins bought 276 shares of the stock in a transaction on Wednesday, July 15th. The stock was purchased at an average price of GBX 652 per share, for a total transaction of £1,799.52. Corporate insiders own 30.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SAGA. Berenberg Bank raised their price target on Saga from GBX 1,025 to GBX 1,130 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 795 price target on shares of Saga in a research note on Friday, August 21st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Saga has an average rating of “Buy” and an average price target of GBX 962.50.

View Our Latest Stock Report on SAGA

Saga News Roundup

Here are the key news stories impacting Saga this week:

Positive Sentiment: Berenberg raises target and maintains a Buy rating: Berenberg Bank lifted its price target for Saga from GBX 1,025 to GBX 1,130, implying further upside and reinforcing investor confidence in the turnaround. Saga Stock Price Target Raised at Berenberg Bank
Positive Sentiment: Shares reach a new 52-week high: The stock’s move to a new annual high follows the analyst upgrade and reflects improved market sentiment toward Saga’s recovery prospects. Saga Sets New 52-Week High After Analyst Upgrade
Positive Sentiment: Profit outlook strengthened: Saga reportedly expects a significant increase in annual profit, driven by strong demand across its cruise and insurance businesses. The company also said it is “significantly ahead” of its growth plans, suggesting its turnaround strategy is producing results. UK’s Saga Forecasts Annual Profit Jump Saga Significantly Ahead of Growth Plans