Saga (LON:SAGA) Posts Quarterly Earnings Results

Posted by Danessa Lincoln on Sep 30th, 2026

Saga (LON:SAGA – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported GBX 20.50 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Saga had a return on equity of 23.50% and a net margin of 3.25%.

Here are the key takeaways from Saga’s conference call:

Strong first-half performance: Underlying revenue rose 14% to £366 million, while underlying profit before tax nearly doubled to £46.6 million, driven by growth across travel and insurance.
Saga raised full-year underlying profit guidance to £65 million–£70 million, versus £44 million last year, and said it now expects to reach its medium-term targets of £100 million profit and leverage below two times ahead of January 2030.
Ocean Cruise remained the main growth engine, with profit before tax up 38%, per diems up 13% and strong forward bookings supporting continued pricing power; group net debt fell to £429.1 million and leverage improved to 2.7 times.
The insurance transformation is gaining traction, with Insurance Broking profit before tax up 75%, policies in force up 5% and lower operating costs expected as the Ageas partnership and simpler operating model mature.
Management flagged risks from low river levels, which are expected to reduce full-year River Cruise profit, and Middle East disruption affecting the Holidays business; Ageas-related exceptional costs will also continue next year, albeit at a lower level.

Saga Stock Performance

LON:SAGA opened at GBX 781 on Friday. The stock has a market cap of £1.14 billion, a P/E ratio of 325.42, a PEG ratio of 1.22 and a beta of 2.02. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 503.16. The business’s 50-day moving average price is GBX 658.33 and its two-hundred day moving average price is GBX 601.07. Saga has a twelve month low of GBX 237 and a twelve month high of GBX 797.

Insider Activity at Saga

In related news, insider Mike Hazell purchased 276 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were purchased at an average price of GBX 652 per share, with a total value of £1,799.52. Also, insider Mark Watkins acquired 276 shares of the stock in a transaction dated Wednesday, July 15th. The shares were bought at an average price of GBX 652 per share, for a total transaction of £1,799.52. 30.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SAGA shares. Berenberg Bank raised their price target on Saga from GBX 1,025 to GBX 1,130 and gave the stock a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Saga from GBX 795 to GBX 855 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Saga currently has an average rating of “Buy” and an average price target of GBX 992.50.

Read Our Latest Report on Saga

Key Saga News

Here are the key news stories impacting Saga this week:

Positive Sentiment: Profit outlook raised: Saga said insurance premiums declined 4.8%, but it increased its annual profit forecast, suggesting improved profitability from its turnaround strategy. Saga insurance premiums fall 4.8%, raises annual profit outlook
Positive Sentiment: Strong cruise performance: Robust demand for cruises and holidays among over-50s customers is contributing to expectations of a significant annual profit increase. Saga delivers strong cruise interim performance outlook
Positive Sentiment: Turnaround gaining traction: Coverage of Saga’s results indicates the company is ahead of its growth plans, with its restructuring and focus on insurance and travel beginning to produce financial benefits. Saga’s turnaround starts paying for itself
Positive Sentiment: Analyst confidence improved: Deutsche Bank raised its price target from 795p to 855p and assigned a “buy” rating. Berenberg separately lifted its target from 1,025p to 1,130p, also maintaining a “buy” rating. Saga stock price target raised at Deutsche Bank
Neutral Sentiment: Saga reported quarterly EPS of 20.50p, but it still recorded a negative net margin of 1.53% and negative return on equity of 15.72%, showing that the recovery remains incomplete.
Negative Sentiment: The 4.8% decline in insurance premiums and Saga’s substantial debt burden remain risks, while the stock’s high price-to-earnings ratio leaves it vulnerable if profit improvements disappoint.