FY2019 Earnings Estimate for GNC Holdings Inc (GNC) Issued By Gabelli
GNC Holdings Inc (NYSE:GNC) – Analysts at Gabelli lifted their FY2019 earnings per share estimates for GNC in a research note issued on Tuesday, November 13th. Gabelli analyst D. Witkowski now expects that the specialty retailer will post earnings per share of $0.60 for the year, up from their prior estimate of $0.50. Gabelli also issued estimates for GNC’s FY2021 earnings at $0.95 EPS and FY2022 earnings at $1.10 EPS.
Other analysts also recently issued research reports about the company. Buckingham Research initiated coverage on GNC in a research note on Monday, October 29th. They set a “buy” rating and a $6.00 price objective on the stock. Zacks Investment Research raised GNC from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research note on Monday, October 15th. Finally, Barclays reaffirmed a “sell” rating and set a $3.00 price objective on shares of GNC in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $4.50.
GNC (NYSE:GNC) last issued its quarterly earnings data on Friday, November 9th. The specialty retailer reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). The business had revenue of $580.00 million for the quarter, compared to analyst estimates of $580.45 million. GNC had a negative return on equity of 33.50% and a negative net margin of 8.42%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS.
A number of institutional investors have recently modified their holdings of GNC. Allianz Asset Management GmbH raised its stake in GNC by 33.7% during the 1st quarter. Allianz Asset Management GmbH now owns 141,492 shares of the specialty retailer’s stock worth $546,000 after buying an additional 35,675 shares during the period. Hartford Investment Management Co. bought a new position in GNC during the 2nd quarter worth about $176,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in GNC by 39.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,619,594 shares of the specialty retailer’s stock worth $9,221,000 after purchasing an additional 745,471 shares in the last quarter. Price Capital Management Inc. bought a new position in GNC during the 2nd quarter worth about $607,000. Finally, Bank of New York Mellon Corp increased its holdings in GNC by 7.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 345,561 shares of the specialty retailer’s stock worth $1,217,000 after purchasing an additional 24,656 shares in the last quarter. 47.10% of the stock is currently owned by institutional investors and hedge funds.
GNC Company Profile
GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. It operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink, and other general merchandise.
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