On The Beach Group (LON:OTB) Issues Earnings Results, Misses Estimates By $0.20 EPS

On The Beach Group (LON:OTB) issued its earnings results on Wednesday. The company reported GBX 21.40 ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 21.60 ($0.28) by GBX (0.20) ($0.00), Digital Look Earnings reports.

LON:OTB traded up GBX 9.60 ($0.13) during mid-day trading on Wednesday, hitting GBX 443.60 ($5.80). The company had a trading volume of 502,642 shares, compared to its average volume of 371,885. The business has a fifty day simple moving average of GBX 434.18 and a 200-day simple moving average of GBX 434. The company has a current ratio of 1.17, a quick ratio of 0.89 and a debt-to-equity ratio of 7.61. On The Beach Group has a 1 year low of GBX 280.60 ($3.67) and a 1 year high of GBX 495 ($6.47). The firm has a market capitalization of $569.21 million and a price-to-earnings ratio of 25.49.

A number of research analysts recently weighed in on OTB shares. Berenberg Bank reiterated a “buy” rating on shares of On The Beach Group in a report on Thursday, September 26th. Liberum Capital reiterated a “buy” rating on shares of On The Beach Group in a report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 545 ($7.12) target price on shares of On The Beach Group in a report on Friday, August 23rd. Peel Hunt reiterated a “buy” rating and issued a GBX 550 ($7.19) target price on shares of On The Beach Group in a report on Wednesday, August 28th. Finally, Peel Hunt reiterated a “buy” rating on shares of On The Beach Group in a report on Wednesday. Seven investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of GBX 525.83 ($6.87).

On The Beach Group Company Profile

On the Beach Group plc operates as an online retailer of short-haul beach holidays under the On the Beach brand name. It operates through three segments: Core, B2B, and International. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk Websites in the United Kingdom.

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