Fitbit, Inc. (NYSE:FIT) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Fitbit to post earnings of ($0.04) per share for the quarter. Fitbit has set its Q3 guidance at ($0.05-0.02) EPS and its FY17 guidance at ($0.40-0.22) EPS.

Fitbit (NYSE:FIT) last posted its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.07. The business had revenue of $353.30 million for the quarter, compared to analysts’ expectations of $341.24 million. Fitbit had a negative return on equity of 20.67% and a negative net margin of 13.79%. The business’s quarterly revenue was down 39.8% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. On average, analysts expect Fitbit to post $-0.53 EPS for the current fiscal year and $-0.5 EPS for the next fiscal year.

Shares of Fitbit, Inc. (NYSE FIT) opened at 6.1801 on Tuesday. The firm’s 50-day moving average price is $6.51 and its 200-day moving average price is $6.51. The company’s market capitalization is $1.44 billion. Fitbit, Inc. has a 12-month low of $4.90 and a 12-month high of $14.26.

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In other news, EVP Andy Missan sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $5.68, for a total transaction of $28,400.00. Following the completion of the sale, the executive vice president now owns 80,332 shares in the company, valued at approximately $456,285.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Joseph Murray sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $5.73, for a total transaction of $2,865,000.00. Following the sale, the director now owns 11,442 shares of the company’s stock, valued at approximately $65,562.66. The disclosure for this sale can be found here. Insiders have sold a total of 585,000 shares of company stock valued at $3,400,600 in the last 90 days. Insiders own 29.10% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their target price on shares of Fitbit from $6.50 to $7.00 and gave the stock an “equal weight” rating in a research note on Friday. Vetr raised shares of Fitbit from a “hold” rating to a “buy” rating and set a $6.67 target price on the stock in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Fitbit from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $8.00 target price on shares of Fitbit in a research note on Wednesday, October 4th. Finally, Dougherty & Co reissued a “neutral” rating on shares of Fitbit in a research note on Wednesday, October 4th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.47.

About Fitbit

Fitbit, Inc is a provider of health and fitness devices. The Company’s platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts.

Earnings History for Fitbit (NYSE:FIT)

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