GNC Holdings, Inc. (GNC) Expected to Post Earnings of $0.33 Per Share
Brokerages predict that GNC Holdings, Inc. (NYSE:GNC) will post $0.33 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for GNC Holdings’ earnings. The highest EPS estimate is $0.45 and the lowest is $0.26. GNC Holdings reported earnings of $0.59 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 44.1%. The business is expected to report its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that GNC Holdings will report full-year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.56. For the next fiscal year, analysts anticipate that the business will report earnings of $1.35 per share, with EPS estimates ranging from $1.09 to $1.59. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for GNC Holdings.
GNC Holdings (NYSE:GNC) last announced its earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business had revenue of $640.99 million during the quarter, compared to analyst estimates of $646.48 million. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. GNC Holdings’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.79 EPS.
A number of research firms have recently weighed in on GNC. Barclays PLC boosted their target price on shares of GNC Holdings from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Friday, July 28th. ValuEngine upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Bank of America Corporation reduced their target price on shares of GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a report on Tuesday, August 22nd. BidaskClub upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $8.64.
Shares of GNC Holdings (GNC) traded up 6.28% on Friday, reaching $10.16. The company had a trading volume of 3,454,196 shares. The company’s 50-day moving average is $9.10 and its 200-day moving average is $8.05. The company’s market capitalization is $695.63 million. GNC Holdings has a one year low of $6.51 and a one year high of $22.32.
Hedge funds have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP purchased a new position in shares of GNC Holdings during the 2nd quarter worth about $102,000. Denver Investment Advisors LLC purchased a new position in shares of GNC Holdings during the 1st quarter worth about $101,000. WFG Advisors LP boosted its stake in shares of GNC Holdings by 13.1% during the 2nd quarter. WFG Advisors LP now owns 14,773 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 1,715 shares during the period. Stonebridge Capital Management Inc. purchased a new position in shares of GNC Holdings during the 2nd quarter worth about $128,000. Finally, Karp Capital Management Corp purchased a new position in shares of GNC Holdings during the 1st quarter worth about $113,000. 65.53% of the stock is owned by hedge funds and other institutional investors.
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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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