Weight Watchers International Inc. (WTW) Declares Quarterly Dividend of $0.18
Weight Watchers International (NYSE:WTW) declared a quarterly dividend on Wednesday, September 11th, AnalystRatingsNetwork reports. Shareholders of record on Friday, September 27th will be given a dividend of $0.175 per share on Friday, October 11th. This represents a $0.70 dividend on an annualized basis and a yield of 1.86%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Weight Watchers International (NYSE:WTW) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 4th. They now have a $37.50 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. cut their price target on shares of Weight Watchers International (NYSE:WTW) from $46.00 to $44.00 in a research note to investors on Friday, August 30th. They now have a “neutral” rating on the stock.
Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.08.
Shares of Weight Watchers International (NYSE:WTW) traded down 1.10% during mid-day trading on Wednesday, hitting $37.67. 312,433 shares of the company’s stock traded hands. Weight Watchers International has a 52 week low of $35.58 and a 52 week high of $60.30. The stock’s 50-day moving average is $39.05 and its 200-day moving average is $42.36. The company has a market cap of $2.118 billion and a P/E ratio of 8.95.
Weight Watchers International (NYSE:WTW) last released its earnings data on Thursday, August 1st. The company reported $1.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.29. The company had revenue of $465.10 million for the quarter, compared to the consensus estimate of $459.34 million. During the same quarter last year, the company posted $1.36 earnings per share. Weight Watchers International’s revenue was down 4.1% compared to the same quarter last year. On average, analysts predict that Weight Watchers International will post $3.65 earnings per share for the current fiscal year.
Weight Watchers International, Inc (NYSE:WTW) is a global-branded consumer company and a provider of weight management services, operating globally through a network of Company-owned and franchise operations.
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