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.

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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.

About NutriSystem

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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Earnings History and Estimates for NutriSystem (NASDAQ:NTRI)

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