OneSpaWorld Holdings Limited (NASDAQ:OSW) Announces Quarterly Dividend of $0.04

OneSpaWorld Holdings Limited (NASDAQ:OSW) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Wednesday, November 20th will be paid a dividend of 0.04 per share on Wednesday, December 4th. This represents a $0.16 annualized dividend and a yield of 0.89%. The ex-dividend date is Wednesday, November 20th.

OneSpaWorld has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect OneSpaWorld to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 19.3%.

OneSpaWorld Stock Performance

Shares of OSW stock opened at $17.92 on Thursday. OneSpaWorld has a one year low of $9.82 and a one year high of $18.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.03. The firm’s 50 day moving average price is $16.41 and its 200-day moving average price is $15.51. The firm has a market cap of $1.88 billion, a P/E ratio of 39.82 and a beta of 2.14.

OneSpaWorld (NASDAQ:OSW) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. OneSpaWorld had a return on equity of 13.67% and a net margin of 6.26%. The company had revenue of $224.89 million for the quarter, compared to analysts’ expectations of $220.61 million. During the same period in the prior year, the firm earned $0.13 earnings per share. As a group, equities research analysts predict that OneSpaWorld will post 0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, TD Cowen increased their target price on OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Insider Transactions at OneSpaWorld

In other news, CFO Stephen Lazarus sold 170,339 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $16.91, for a total transaction of $2,880,432.49. Following the completion of the transaction, the chief financial officer now directly owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other OneSpaWorld news, CFO Stephen Lazarus sold 170,339 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $16.91, for a total transaction of $2,880,432.49. Following the sale, the chief financial officer now owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew R. Heyer sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $14.57, for a total transaction of $87,420.00. Following the sale, the director now owns 467,145 shares of the company’s stock, valued at $6,806,302.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 184,904 shares of company stock valued at $3,111,316. Insiders own 5.00% of the company’s stock.

OneSpaWorld Company Profile

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.