$0.38 Earnings Per Share Expected for GNC Holdings, Inc. (NYSE:GNC) This Quarter
Equities research analysts predict that GNC Holdings, Inc. (NYSE:GNC) will report earnings of $0.38 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for GNC Holdings’ earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.33. GNC Holdings reported earnings of $0.79 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 51.9%. The business is expected to announce its next earnings results before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that GNC Holdings will report full-year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.19 to $1.57. For the next financial year, analysts expect that the business will report earnings of $1.36 per share, with EPS estimates ranging from $1.13 to $1.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover GNC Holdings.
GNC Holdings (NYSE:GNC) last announced its quarterly earnings results on Tuesday, April 18th. The specialty retailer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. GNC Holdings had a negative net margin of 12.45% and a positive return on equity of 95.43%. The firm had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $623.03 million. During the same quarter in the prior year, the company earned $0.69 EPS. The company’s revenue was down 3.6% compared to the same quarter last year.
A number of research analysts recently weighed in on GNC shares. Deutsche Bank AG restated a “hold” rating and issued a $9.00 price objective on shares of GNC Holdings in a report on Wednesday, April 19th. Zacks Investment Research upgraded shares of GNC Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. Vetr cut shares of GNC Holdings from a “strong-buy” rating to a “buy” rating and set a $10.12 price objective for the company. in a report on Wednesday, April 19th. Odeon Capital Group LLC restated a “sell” rating on shares of GNC Holdings in a report on Tuesday, May 9th. Finally, BidaskClub cut shares of GNC Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. GNC Holdings currently has an average rating of “Hold” and a consensus price target of $12.97.
Shares of GNC Holdings (NYSE:GNC) opened at 9.43 on Friday. The stock has a 50 day moving average of $7.97 and a 200 day moving average of $8.09. GNC Holdings has a 12 month low of $6.51 and a 12 month high of $27.93. The stock’s market cap is $644.98 million.
In other GNC Holdings news, CEO Robert F. Moran purchased 300,000 shares of GNC Holdings stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average price of $6.69 per share, for a total transaction of $2,007,000.00. Following the transaction, the chief executive officer now directly owns 953,271 shares in the company, valued at $6,377,382.99. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tim Mantel purchased 15,000 shares of GNC Holdings stock in a transaction that occurred on Wednesday, May 24th. The stock was acquired at an average price of $7.21 per share, with a total value of $108,150.00. Following the transaction, the executive vice president now owns 56,775 shares in the company, valued at $409,347.75. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 354,400 shares of company stock valued at $2,388,048. 0.78% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Shah Capital Management increased its stake in GNC Holdings by 64.6% in the second quarter. Shah Capital Management now owns 1,096,155 shares of the specialty retailer’s stock valued at $9,240,000 after buying an additional 430,316 shares during the period. Fox Run Management L.L.C. acquired a new stake in GNC Holdings during the second quarter valued at approximately $311,000. Goldman Sachs Group Inc. increased its stake in GNC Holdings by 0.8% in the first quarter. Goldman Sachs Group Inc. now owns 153,115 shares of the specialty retailer’s stock valued at $1,127,000 after buying an additional 1,153 shares during the period. Point72 Europe London LLP acquired a new stake in GNC Holdings during the first quarter valued at approximately $552,000. Finally, Sessa Capital IM L.P. acquired a new stake in GNC Holdings during the first quarter valued at approximately $9,186,000. Hedge funds and other institutional investors own 82.88% of the company’s stock.
GNC Holdings Company Profile
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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