Saga (LON:SAGA) Posts Earnings Results

Posted by Danessa Lincoln on Sep 30th, 2026

Saga (LON:SAGA – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported GBX 20.50 earnings per share for the quarter, Digital Look Earnings reports. Saga had a negative return on equity of 15.72% and a negative net margin of 1.53%.

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 Up 22.8%

LON SAGA traded up GBX 146 on Wednesday, hitting GBX 787. 38,328,094 shares of the stock were exchanged, compared to its average volume of 3,209,504. Saga has a fifty-two week low of GBX 237 and a fifty-two week high of GBX 797. The company has a 50-day moving average price of GBX 652.95 and a 200-day moving average price of GBX 596.52. The company has a quick ratio of 0.67, a current ratio of 1.35 and a debt-to-equity ratio of 934.58. The company has a market cap of £1.14 billion, a PE ratio of 327.92, a PEG ratio of 1.22 and a beta of 2.02.

Insiders Place Their Bets

In other Saga news, insider Mark Watkins bought 276 shares of the company’s stock in a transaction that occurred on 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 Mike Hazell bought 276 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The stock was acquired at an average cost of GBX 652 per share, for a total transaction of £1,799.52. 30.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Berenberg Bank upped their price objective on shares of Saga from GBX 1,025 to GBX 1,130 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 795 price target on shares of Saga in a report on Friday, August 21st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Saga has an average rating of “Buy” and a consensus target price of GBX 962.50.

Get Our Latest Stock Report on Saga

Key Headlines Impacting Saga

Here are the key news stories impacting Saga this week:

Positive Sentiment: Strong profit outlook: Saga forecast a significant increase in annual profit, supported by resilient demand in its cruise and insurance businesses. Management also said the company is “significantly ahead” of its growth plans, suggesting the turnaround is gaining momentum. UK’s Saga forecasts annual profit jump on strong cruise and insurance demand
Positive Sentiment: Berenberg raises target and keeps Buy rating: Berenberg Bank lifted its price target from GBX 1,025 to GBX 1,130, reinforcing investor confidence in Saga’s earnings recovery and growth prospects. Saga Stock Price Target Raised at Berenberg Bank
Positive Sentiment: Turnaround progress highlighted: Reports that Saga is materially ahead of its growth plans provide a positive catalyst, particularly as the company focuses on improving performance in its core travel and insurance operations. Saga significantly ahead of growth plans as turnaround bears fruit
Neutral Sentiment: Quarterly results were mixed: Saga reported EPS of GBX 20.50, but its net margin remained negative at 1.53% and return on equity was negative at 15.72%. The results support the recovery narrative but show that profitability remains a key execution risk. Saga quarterly earnings results