NutriSystem Inc (NTRI) Scheduled to Post Quarterly Earnings on Wednesday
NutriSystem Inc (NASDAQ:NTRI) is scheduled to announce its earnings results after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. NutriSystem has set its Q3 guidance at $0.42-$0.47 EPS and its FY17 guidance at $1.84-$1.94 EPS.
NutriSystem (NASDAQ:NTRI) last issued its earnings results on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.18. The business had revenue of $194.90 million for the quarter, compared to analyst estimates of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. On average, analysts expect NutriSystem to post $1.910 EPS for the current fiscal year and $2.230 EPS for the next fiscal year.
NutriSystem Inc (NASDAQ NTRI) opened at 59.20 on Wednesday. The stock’s 50 day moving average is $54.21 and its 200-day moving average is $53.33. NutriSystem Inc has a 12 month low of $29.80 and a 12 month high of $67.95. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 36.68 and a beta of 1.15.
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Several equities analysts have recently commented on NTRI shares. Craig Hallum set a $70.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a report on Tuesday, July 18th. Zacks Investment Research lowered shares of NutriSystem from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub upgraded shares of NutriSystem from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. DA Davidson restated a “buy” rating and issued a $64.00 price objective on shares of NutriSystem in a report on Monday, July 24th. Finally, Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $68.11.
In other NutriSystem news, CFO Michael P. Monahan sold 11,335 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $55.03, for a total transaction of $623,765.05. Following the sale, the chief financial officer now directly owns 55,933 shares in the company, valued at approximately $3,077,992.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jay Herratti sold 3,799 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $60.00, for a total transaction of $227,940.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,355 shares of company stock worth $4,903,650. 2.40% of the stock is owned by company insiders.
NutriSystem Company Profile
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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