Brokerages expect that NutriSystem Inc (NASDAQ:NTRI) will report $0.45 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for NutriSystem’s earnings. NutriSystem reported earnings per share of $0.27 during the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 25th.
On average, analysts expect that NutriSystem will report full-year earnings of $1.90 per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $2.23 per share, with EPS estimates ranging from $2.16 to $2.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow NutriSystem.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The firm had revenue of $194.90 million for the quarter, compared to the consensus estimate of $180.75 million. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS.
A number of equities analysts have issued reports on NTRI shares. Wunderlich cut NutriSystem from a “buy” rating to a “hold” rating and raised their target price for the stock from $52.00 to $60.00 in a report on Thursday, April 27th. Lake Street Capital restated a “buy” rating and set a $64.00 target price (up previously from $52.00) on shares of NutriSystem in a report on Thursday, April 27th. Craig Hallum set a $70.00 target price on NutriSystem and gave the stock a “buy” rating in a report on Thursday, April 27th. DA Davidson restated a “buy” rating and set a $64.00 target price on shares of NutriSystem in a report on Monday, May 8th. Finally, Argus raised their target price on NutriSystem from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. NutriSystem currently has an average rating of “Buy” and an average price target of $64.90.
In other news, insider Dawn M. Zier sold 29,100 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $54.00, for a total transaction of $1,571,400.00. Following the sale, the insider now owns 273,867 shares of the company’s stock, valued at $14,788,818. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael P. Monahan sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $50.03, for a total value of $250,150.00. Following the sale, the chief financial officer now directly owns 37,743 shares in the company, valued at approximately $1,888,282.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,564 shares of company stock worth $5,448,859. 2.40% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in NTRI. Huntington National Bank acquired a new stake in NutriSystem during the first quarter worth approximately $104,000. Endurance Wealth Management Inc. acquired a new stake in NutriSystem during the first quarter worth approximately $111,000. FNY Partners Fund LP acquired a new stake in NutriSystem during the first quarter worth approximately $111,000. Meeder Asset Management Inc. acquired a new stake in NutriSystem during the second quarter worth approximately $106,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in NutriSystem during the first quarter worth approximately $130,000. 97.18% of the stock is currently owned by institutional investors.
NutriSystem (NASDAQ NTRI) traded up 0.47% during mid-day trading on Tuesday, reaching $52.95. The company’s stock had a trading volume of 369,979 shares. NutriSystem has a 12 month low of $26.90 and a 12 month high of $67.95. The stock’s 50 day moving average is $54.78 and its 200 day moving average is $49.90. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 32.81 and a beta of 1.13.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 3rd. NutriSystem’s dividend payout ratio is currently 43.48%.
NutriSystem Company Profile
Nutrisystem, Inc is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy.
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