On the Beach Group (LON:OTB – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported GBX 1.20 earnings per share for the quarter, Digital Look Earnings reports. On the Beach Group had a net margin of 7.08% and a return on equity of 5.43%. The firm had revenue of GBX 5,220 million during the quarter.
Here are the key takeaways from On the Beach Group’s conference call:
- Half-year booking volumes hit a record, with bookings up 7% year over year and traveled volumes up 22%, showing the company is taking share despite a tough market.
- Technology and app adoption are driving better conversion and loyalty; search conversion rose 24%, nearly 40% of bookings are now made in the mobile app, and repeat booking metrics improved materially.
- The business is seeing a later booking curve after Middle East conflict and a weaker consumer backdrop shifted demand closer to departure, especially for summer travel and Eastern Med destinations.
- Profitability and cash generation remain solid, with net debt down, substantial facility headroom, and an interim dividend maintained, underscoring balance sheet strength.
- Management reinstated full-year guidance for adjusted profit of £18 million to £25 million, citing improved recent trading, including bookings up 9% over the last six weeks and summer bookings up 17% month to date.
On the Beach Group Price Performance
Shares of On the Beach Group stock traded down GBX 27.40 during mid-day trading on Tuesday, reaching GBX 142.20. 19,966,193 shares of the stock were exchanged, compared to its average volume of 1,471,878. The company has a market cap of £206.05 million, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.71 and a beta of 1.35. The company has a current ratio of 1.28, a quick ratio of 0.83 and a debt-to-equity ratio of 1.40. The firm has a 50-day simple moving average of GBX 172.75 and a 200 day simple moving average of GBX 198.58. On the Beach Group has a fifty-two week low of GBX 139 and a fifty-two week high of GBX 304.50.
Insider Activity
Wall Street Analysts Forecast Growth
OTB has been the subject of a number of research reports. Shore Capital Group reissued a “hold” rating on shares of On the Beach Group in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 345 price target on shares of On the Beach Group in a report on Thursday, April 9th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 330 price objective on shares of On the Beach Group in a report on Monday, January 19th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 308.
Check Out Our Latest Research Report on OTB
On the Beach Group Company Profile
On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.
Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market. Our model is customer-centric, asset light, profitable and cash generative.
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