GNC Holdings (GNC) Posts Quarterly Earnings, Meets Expectations
GNC Holdings (NYSE:GNC) announced its earnings results on Thursday. The company reported $0.76 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.76, StockRatingsNetwork reports. The company had revenue of $675.60 million for the quarter, compared to the consensus estimate of $690.93 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. GNC Holdings updated its FY13 guidance to $2.85-2.89 EPS.
Shares of GNC Holdings (NYSE:GNC) traded down 2.36% during mid-day trading on Thursday, hitting $55.79. 2,301,664 shares of the company’s stock traded hands. GNC Holdings has a 52-week low of $30.92 and a 52-week high of $55.16. The stock’s 50-day moving average is $52.3 and its 200-day moving average is $45.96. The company has a market cap of $5.317 billion and a P/E ratio of 22.58.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, December 11th.
A number of research firms have recently commented on GNC. Analysts at Wedbush raised their price target on shares of GNC Holdings from $60.00 to $63.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of GNC Holdings from $59.00 to $66.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of GNC Holdings in a research note to investors on Monday, October 7th. They set a “buy” rating and a $68.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. GNC Holdings has an average rating of “Buy” and an average target price of $57.33.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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