NutriSystem Inc (NASDAQ:NTRI) Updates FY17 Earnings Guidance
NutriSystem Inc (NASDAQ:NTRI) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.84-$1.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.71. The company issued revenue guidance of $684-$694 million, compared to the consensus revenue estimate of $660.50 million.NutriSystem also updated its Q3 guidance to $0.42-$0.47 EPS.
A number of research firms have issued reports on NTRI. DA Davidson reiterated a buy rating and set a $64.00 price target on shares of NutriSystem in a research note on Monday, May 8th. Sidoti upgraded NutriSystem from a neutral rating to a buy rating and set a $60.00 price target for the company in a research note on Monday, June 12th. BidaskClub upgraded NutriSystem from a hold rating to a buy rating in a research note on Saturday, June 24th. Zacks Investment Research downgraded NutriSystem from a strong-buy rating to a hold rating in a research note on Wednesday, June 28th. Finally, Craig Hallum set a $70.00 price target on NutriSystem and gave the company a buy rating in a research note on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $55.80.
Shares of NutriSystem Inc (NASDAQ:NTRI) traded up 2.11% during trading on Wednesday, hitting $62.95. The stock had a trading volume of 575,415 shares. The firm has a market cap of $1.87 billion, a PE ratio of 46.73 and a beta of 1.11. The stock has a 50 day moving average of $52.59 and a 200 day moving average of $47.75. NutriSystem Inc has a 52-week low of $25.82 and a 52-week high of $63.60.
NutriSystem (NASDAQ:NTRI) last announced its earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.08. NutriSystem had a net margin of 6.78% and a return on equity of 44.63%. The business had revenue of $212.68 million during the quarter, compared to the consensus estimate of $202.87 million. During the same quarter last year, the firm earned $0.13 earnings per share. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. On average, equities analysts anticipate that NutriSystem Inc will post $1.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.11%. NutriSystem’s dividend payout ratio is 51.85%.
In other news, Director Brian Tierney sold 2,147 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $48.61, for a total transaction of $104,365.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dawn M. Zier sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $49.65, for a total transaction of $1,489,500.00. Following the sale, the insider now owns 217,289 shares in the company, valued at approximately $10,788,398.85. The disclosure for this sale can be found here. Insiders have sold 118,654 shares of company stock valued at $6,030,384 in the last ninety days. Insiders own 2.40% of the company’s stock.
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Nutrisystem, Inc is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy.
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