NutriSystem Inc (NTRI) Expected to Post Quarterly Sales of $155.57 Million
Brokerages forecast that NutriSystem Inc (NASDAQ:NTRI) will report $155.57 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for NutriSystem’s earnings, with the highest sales estimate coming in at $156.00 million and the lowest estimate coming in at $155.00 million. NutriSystem posted sales of $124.57 million in the same quarter last year, which would indicate a positive year over year growth rate of 24.9%. The business is expected to issue its next earnings results on Wednesday, October 25th.
On average, analysts expect that NutriSystem will report full year sales of $155.57 million for the current fiscal year, with estimates ranging from $688.57 million to $693.60 million. For the next year, analysts forecast that the business will report sales of $789.33 million per share, with estimates ranging from $778.09 million to $800.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover NutriSystem.
NutriSystem (NASDAQ:NTRI) last announced its earnings results on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The company had revenue of $194.90 million during the quarter, compared to analysts’ expectations of $180.75 million. During the same period last year, the business posted $0.54 EPS. NutriSystem’s revenue for the quarter was up 30.1% on a year-over-year basis.
Several equities research analysts have commented on the company. B. Riley restated a “buy” rating and set a $74.00 price target on shares of NutriSystem in a research note on Friday, July 28th. DA Davidson restated a “buy” rating and set a $79.00 price target (up from $64.00) on shares of NutriSystem in a research note on Sunday, July 30th. Barrington Research upgraded NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 price target for the company in a research note on Monday, July 31st. Craig Hallum set a $70.00 price target on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research lowered NutriSystem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $64.90.
COPYRIGHT VIOLATION WARNING: “NutriSystem Inc (NTRI) Expected to Post Quarterly Sales of $155.57 Million” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/17/nutrisystem-inc-ntri-expected-to-post-quarterly-sales-of-155-57-million.html.
NutriSystem (NASDAQ NTRI) opened at 53.90 on Thursday. NutriSystem has a one year low of $26.90 and a one year high of $67.95. The stock has a market capitalization of $1.60 billion, a PE ratio of 33.40 and a beta of 1.13. The company’s 50-day moving average price is $54.85 and its 200-day moving average price is $50.07.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, August 3rd. NutriSystem’s payout ratio is 43.48%.
In related news, CFO Michael P. Monahan sold 5,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $50.03, for a total value of $250,150.00. Following the completion of the transaction, the chief financial officer now owns 37,743 shares of the company’s stock, valued at $1,888,282.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dawn M. Zier sold 29,100 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $54.00, for a total value of $1,571,400.00. Following the completion of the transaction, the insider now directly owns 273,867 shares of the company’s stock, valued at approximately $14,788,818. The disclosure for this sale can be found here. Insiders sold 104,564 shares of company stock valued at $5,448,859 in the last three months. 2.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of NutriSystem by 114,552.3% in the first quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock worth $197,259,000 after buying an additional 3,551,122 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of NutriSystem by 1.2% in the first quarter. Renaissance Technologies LLC now owns 2,487,900 shares of the company’s stock worth $138,078,000 after buying an additional 30,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of NutriSystem by 50.3% in the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock worth $127,974,000 after buying an additional 823,221 shares in the last quarter. Prudential Financial Inc. increased its position in shares of NutriSystem by 73.7% in the second quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock worth $67,794,000 after buying an additional 552,420 shares in the last quarter. Finally, Copper Rock Capital Partners LLC increased its position in shares of NutriSystem by 74.5% in the second quarter. Copper Rock Capital Partners LLC now owns 1,243,535 shares of the company’s stock worth $43,088,000 after buying an additional 530,805 shares in the last quarter. 97.18% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NutriSystem Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem Inc and related companies with MarketBeat.com's FREE daily email newsletter.