On The Beach Group (OTB) Posts Earnings Results, Beats Estimates By $0.40 EPS

On The Beach Group (LON:OTB) posted its quarterly earnings results on Wednesday. The company reported GBX 21.20 ($0.28) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 20.80 ($0.27) by GBX 0.40 ($0.01), Bloomberg Earnings reports.

Shares of On The Beach Group stock traded up GBX 15 ($0.20) during trading hours on Friday, reaching GBX 418 ($5.46). The company had a trading volume of 494,523 shares, compared to its average volume of 371,885. On The Beach Group has a one year low of GBX 3.95 ($0.05) and a one year high of GBX 600 ($7.84).

The business also recently declared a dividend, which will be paid on Thursday, February 14th. Stockholders of record on Thursday, January 10th will be issued a GBX 2.20 ($0.03) dividend. This is a positive change from On The Beach Group’s previous dividend of $1.10. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, January 10th.

A number of equities analysts have recently commented on the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 550 ($7.19) price target (down from GBX 650 ($8.49)) on shares of On The Beach Group in a report on Tuesday. Berenberg Bank raised their price target on On The Beach Group from GBX 600 ($7.84) to GBX 630 ($8.23) and gave the stock a “buy” rating in a report on Thursday, August 23rd. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 663 ($8.66) price target on shares of On The Beach Group in a report on Thursday, August 16th.

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About On The Beach Group

On the Beach Group plc operates as an online retailer of package holidays to short-haul beach holidays under the On the Beach brand name. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk Websites in the United Kingdom. It also provides its services through eBeach.se Website in Sweden, as well as through eBeach.no Website in Norway.

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