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

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Wednesday, November 20th will be given a dividend of 0.04 per share on Wednesday, December 4th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, November 20th.

OneSpaWorld has a dividend payout ratio of 17.0% indicating that 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 Down 2.3 %

Shares of NASDAQ:OSW traded down $0.41 during mid-day trading on Thursday, reaching $17.51. 630,057 shares of the stock were exchanged, compared to its average volume of 542,579. The company has a quick ratio of 1.49, a current ratio of 2.03 and a debt-to-equity ratio of 0.23. The company has a market cap of $1.83 billion, a P/E ratio of 38.91 and a beta of 2.14. OneSpaWorld has a one year low of $9.82 and a one year high of $18.73. The stock's 50 day simple moving average is $16.45 and its 200-day simple moving average is $15.53.

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

Analyst Ratings Changes

Separately, TD Cowen raised their price objective on OneSpaWorld from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, August 1st.

Insider Buying and Selling

In other news, Director Andrew R. Heyer sold 6,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $14.57, for a total value of $87,420.00. Following the completion of the transaction, the director now owns 467,145 shares of the company's stock, valued at approximately $6,806,302.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Andrew R. Heyer sold 6,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $14.57, for a total value of $87,420.00. Following the completion of the transaction, the director now directly owns 467,145 shares in the company, valued at approximately $6,806,302.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen Lazarus sold 8,271 shares of the business's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $16.75, for a total value of $138,539.25. Following the sale, the chief financial officer now owns 726,920 shares in the company, valued at $12,175,910. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,904 shares of company stock worth $3,111,316 in the last ninety days. 5.00% of the stock is owned by insiders.

About OneSpaWorld

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.