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

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

Shares of LON:OTB traded up GBX 15 ($0.20) during trading on Friday, reaching GBX 418 ($5.46). The stock had a trading volume of 494,523 shares, compared to its average volume of 371,885. On The Beach Group has a 1-year low of GBX 3.95 ($0.05) and a 1-year high of GBX 600 ($7.84).

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

A number of research firms have recently commented on OTB. Peel Hunt restated a “buy” rating on shares of On The Beach Group in a research report on Thursday, August 16th. Berenberg Bank lifted 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 research note 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 research note 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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