Somewhat Favorable Press Coverage Very Likely to Impact Weight Watchers International (NYSE:WTW) Stock Price
Press coverage about Weight Watchers International (NYSE:WTW) has been trending somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Weight Watchers International earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 81 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Why GoPro, Weight Watchers International, and Boingo Wireless Jumped Today (fool.com)
- Why Weight Watchers International, Inc. Stock Soared Today (fool.com)
- Weight Watchers International, Inc. (WTW) Shares Skyrocket on Earnings Beat (investorplace.com)
- 28 Stocks Moving In Friday’s Pre-Market Session – Benzinga (benzinga.com)
- 10 Stocks To Watch For August 4, 2017 – Benzinga (benzinga.com)
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Weight Watchers International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine upgraded shares of Weight Watchers International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Sidoti lowered shares of Weight Watchers International from a “buy” rating to a “neutral” rating in a report on Tuesday, May 30th. Finally, Morgan Stanley increased their price objective on shares of Weight Watchers International from $13.00 to $18.00 and gave the company an “underweight” rating in a report on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.44.
Weight Watchers International (WTW) traded up 25.12% during midday trading on Friday, reaching $41.39. 9,972,978 shares of the company’s stock traded hands. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 30.89 and a beta of 3.06. Weight Watchers International has a 1-year low of $9.37 and a 1-year high of $42.20. The stock’s 50 day moving average price is $33.94 and its 200 day moving average price is $22.06.
Weight Watchers International (NYSE:WTW) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. Weight Watchers International had a net margin of 7.51% and a negative return on equity of 6.30%. The company had revenue of $341.70 million for the quarter, compared to analyst estimates of $329.55 million. During the same period in the prior year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts anticipate that Weight Watchers International will post $1.29 EPS for the current year.
In other news, insider Corinne Pollier-Bousquet sold 6,600 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $25.75, for a total value of $169,950.00. Following the sale, the insider now directly owns 12,795 shares of the company’s stock, valued at approximately $329,471.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 15.75% of the company’s stock.
About Weight Watchers International
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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