$155.57 Million in Sales Expected for NutriSystem Inc (NTRI) This Quarter
Wall Street brokerages predict that NutriSystem Inc (NASDAQ:NTRI) will announce sales of $155.57 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for NutriSystem’s earnings. The lowest sales estimate is $155.00 million and the highest is $156.00 million. NutriSystem reported sales of $124.57 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 24.9%. The company is scheduled to announce its next quarterly earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that NutriSystem will report full-year sales of $155.57 million for the current fiscal year, with estimates ranging from $688.57 million to $693.60 million. For the next financial year, analysts expect that the company will post sales of $789.33 million per share, with estimates ranging from $778.09 million to $800.20 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover NutriSystem.
NutriSystem (NASDAQ:NTRI) last issued its quarterly earnings results 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 business had revenue of $194.90 million for the quarter, compared to the consensus estimate of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS.
A number of research analysts have issued reports on the company. Craig Hallum set a $80.00 target price on NutriSystem and gave the company a “buy” rating in a research report on Thursday, July 27th. Sidoti upgraded NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, June 12th. B. Riley reiterated a “buy” rating and issued a $74.00 target price on shares of NutriSystem in a research report on Friday, July 28th. BidaskClub upgraded NutriSystem from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, DA Davidson reiterated a “buy” rating and issued a $64.00 target price on shares of NutriSystem in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. NutriSystem has a consensus rating of “Buy” and an average target price of $68.11.
In other news, insider Dawn M. Zier sold 30,121 shares of NutriSystem stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $52.27, for a total transaction of $1,574,424.67. Following the sale, the insider now directly owns 214,646 shares of the company’s stock, valued at $11,219,546.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawn M. Zier sold 29,100 shares of NutriSystem stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $54.00, for a total value of $1,571,400.00. Following the sale, the insider now directly owns 273,867 shares in the company, valued at $14,788,818. The disclosure for this sale can be found here. Insiders have sold 106,221 shares of company stock worth $5,633,245 over the last three months. Insiders own 2.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of NutriSystem in the second quarter worth approximately $106,000. FNY Partners Fund LP acquired a new position in shares of NutriSystem in the first quarter worth approximately $111,000. Riverhead Capital Management LLC lifted its stake in shares of NutriSystem by 62.1% in the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock worth $126,000 after acquiring an additional 931 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of NutriSystem in the first quarter worth approximately $130,000. Finally, Victory Capital Management Inc. lifted its stake in shares of NutriSystem by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after acquiring an additional 397 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
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NutriSystem (NASDAQ:NTRI) opened at 53.00 on Friday. NutriSystem has a 12 month low of $28.72 and a 12 month high of $67.95. The firm has a market cap of $1.58 billion, a P/E ratio of 32.84 and a beta of 1.15. The company’s 50-day moving average is $53.23 and its 200 day moving average is $52.80.
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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