GNC Holdings, Inc. (GNC) Expected to Post Quarterly Sales of $647.57 Million
Wall Street analysts forecast that GNC Holdings, Inc. (NYSE:GNC) will announce $647.57 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for GNC Holdings’ earnings, with the lowest sales estimate coming in at $638.00 million and the highest estimate coming in at $661.68 million. GNC Holdings reported sales of $673.22 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.8%. The company is scheduled to announce its next quarterly earnings results on Thursday, July 27th.
According to Zacks, analysts expect that GNC Holdings will report full-year sales of $647.57 million for the current financial year, with estimates ranging from $2.47 billion to $2.52 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.50 billion per share, with estimates ranging from $2.43 billion to $2.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover GNC Holdings.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings data on Tuesday, April 18th. The specialty retailer reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.04. The business had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $623.03 million. GNC Holdings had a negative net margin of 12.45% and a positive return on equity of 95.43%. GNC Holdings’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 earnings per share.
Several research firms have issued reports on GNC. Zacks Investment Research raised shares of GNC Holdings from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Tuesday, June 20th. Barclays PLC lifted their price objective on shares of GNC Holdings from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Wednesday, April 19th. Vetr lowered shares of GNC Holdings from a “strong-buy” rating to a “buy” rating and set a $10.12 price objective on the stock. in a research note on Wednesday, April 19th. Deutsche Bank AG restated a “hold” rating and set a $9.00 price objective on shares of GNC Holdings in a research note on Wednesday, April 19th. Finally, TheStreet cut shares of GNC Holdings from a “c-” rating to a “d” rating in a report on Monday, March 20th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.97.
GNC Holdings (NYSE:GNC) traded up 0.37% on Thursday, reaching $8.21. 687,436 shares of the company were exchanged. The stock has a 50 day moving average of $7.35 and a 200 day moving average of $8.74. GNC Holdings has a 12-month low of $6.51 and a 12-month high of $28.11. The firm’s market capitalization is $561.54 million.
In other news, CEO Robert F. Moran bought 300,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was bought at an average price of $6.69 per share, with a total value of $2,007,000.00. Following the completion of the acquisition, the chief executive officer now owns 953,271 shares of the company’s stock, valued at $6,377,382.99. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Tim Mantel bought 15,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were purchased at an average cost of $7.21 per share, with a total value of $108,150.00. Following the acquisition, the executive vice president now directly owns 56,775 shares of the company’s stock, valued at approximately $409,347.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 354,400 shares of company stock worth $2,388,048. Insiders own 0.78% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Denver Investment Advisors LLC acquired a new stake in shares of GNC Holdings during the first quarter valued at $101,000. First Republic Investment Management Inc. acquired a new stake in GNC Holdings during the fourth quarter worth about $110,000. Karp Capital Management Corp acquired a new position in shares of GNC Holdings during the first quarter worth about $113,000. Sii Investments Inc. WI acquired a new position in shares of GNC Holdings during the first quarter worth about $140,000. Finally, Comerica Bank acquired a new position in shares of GNC Holdings during the first quarter worth about $167,000. Institutional investors and hedge funds own 82.59% of the company’s stock.
About GNC Holdings
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company’s operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products.
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