$549.45 Million in Sales Expected for GNC Holdings, Inc. (GNC) This Quarter

Brokerages predict that GNC Holdings, Inc. (NYSE:GNC) will post $549.45 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for GNC’s earnings. The lowest sales estimate is $544.86 million and the highest is $554.04 million. GNC reported sales of $569.93 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.6%. The business is expected to issue its next earnings report on Thursday, February 15th.

On average, analysts expect that GNC will report full year sales of $549.45 million for the current year, with estimates ranging from $2.44 billion to $2.47 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.42 billion per share, with estimates ranging from $2.31 billion to $2.50 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow GNC.

GNC (NYSE:GNC) last announced its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The business had revenue of $609.47 million for the quarter, compared to the consensus estimate of $614.08 million. GNC had a negative net margin of 15.11% and a negative return on equity of 133.37%. GNC’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS.

A number of equities analysts recently commented on GNC shares. Bank of America decreased their target price on GNC from $6.25 to $5.50 and set an “underperform” rating for the company in a report on Tuesday, August 22nd. ValuEngine downgraded GNC from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded GNC from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Robert W. Baird restated a “hold” rating and set a $10.00 target price on shares of GNC in a report on Sunday, September 17th. Finally, Barclays decreased their target price on GNC from $9.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, October 27th. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.95.

In related news, EVP Tim Mantel bought 20,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of $5.80 per share, with a total value of $116,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kenneth Martindale sold 64,555 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $9.28, for a total value of $599,070.40. Following the completion of the sale, the chief executive officer now directly owns 455,001 shares in the company, valued at $4,222,409.28. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA grew its stake in shares of GNC by 28.3% in the second quarter. Federated Investors Inc. PA now owns 803,887 shares of the specialty retailer’s stock worth $6,777,000 after acquiring an additional 177,528 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of GNC by 20.7% in the second quarter. California Public Employees Retirement System now owns 491,700 shares of the specialty retailer’s stock worth $4,145,000 after acquiring an additional 84,300 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in shares of GNC in the second quarter worth $2,797,000. Northern Trust Corp grew its stake in shares of GNC by 4.6% in the second quarter. Northern Trust Corp now owns 891,636 shares of the specialty retailer’s stock worth $7,517,000 after acquiring an additional 39,378 shares during the last quarter. Finally, Sterneck Capital Management LLC grew its stake in shares of GNC by 10.8% in the second quarter. Sterneck Capital Management LLC now owns 170,220 shares of the specialty retailer’s stock worth $1,435,000 after acquiring an additional 16,660 shares during the last quarter. 61.93% of the stock is currently owned by hedge funds and other institutional investors.

GNC (NYSE GNC) opened at $5.39 on Friday. The company has a debt-to-equity ratio of -55.95, a quick ratio of 0.70 and a current ratio of 2.44. The company has a market capitalization of $385.04, a P/E ratio of 4.77 and a beta of 0.79. GNC has a twelve month low of $5.18 and a twelve month high of $14.64.

COPYRIGHT VIOLATION WARNING: “$549.45 Million in Sales Expected for GNC Holdings, Inc. (GNC) This Quarter” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/03/549-45-million-in-sales-expected-for-gnc-holdings-inc-gnc-this-quarter-2.html.

About GNC

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.

Get a free copy of the Zacks research report on GNC (GNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for GNC (NYSE:GNC)

Receive News & Ratings for GNC Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GNC Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply