Weight Watchers International, Inc. (WTW) Expected to Announce Quarterly Sales of $309.35 Million

Wall Street brokerages forecast that Weight Watchers International, Inc. (NYSE:WTW) will post $309.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Weight Watchers International’s earnings. The lowest sales estimate is $307.90 million and the highest is $310.80 million. Weight Watchers International posted sales of $267.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that Weight Watchers International will report full-year sales of $309.35 million for the current year. For the next financial year, analysts forecast that the firm will post sales of $1.40 billion per share, with estimates ranging from $1.38 billion to $1.42 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Weight Watchers International.

WTW has been the topic of several recent analyst reports. B. Riley raised their price objective on Weight Watchers International from $65.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday. ValuEngine cut Weight Watchers International from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Zacks Investment Research cut Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Craig Hallum restated a “buy” rating and set a $80.00 price objective (up from $70.00) on shares of Weight Watchers International in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $59.00.

Shares of Weight Watchers International (WTW) opened at $69.17 on Monday. The company has a debt-to-equity ratio of -1.74, a current ratio of 0.96 and a quick ratio of 0.88. Weight Watchers International has a 52-week low of $12.05 and a 52-week high of $76.09. The stock has a market cap of $4,463.55, a price-to-earnings ratio of 46.11, a P/E/G ratio of 2.79 and a beta of 3.35.

Large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in Weight Watchers International by 256.8% during the 2nd quarter. Royal Bank of Canada now owns 35,485 shares of the company’s stock valued at $1,186,000 after acquiring an additional 25,539 shares in the last quarter. 361 Capital LLC bought a new stake in shares of Weight Watchers International during the 3rd quarter worth $2,155,000. Alliancebernstein L.P. raised its stake in shares of Weight Watchers International by 163.2% during the 2nd quarter. Alliancebernstein L.P. now owns 59,000 shares of the company’s stock worth $1,972,000 after purchasing an additional 36,580 shares during the period. OxFORD Asset Management LLP bought a new stake in shares of Weight Watchers International during the 3rd quarter worth $2,746,000. Finally, Vanguard Group Inc. raised its stake in shares of Weight Watchers International by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,382,121 shares of the company’s stock worth $79,611,000 after purchasing an additional 13,425 shares during the period. Institutional investors and hedge funds own 87.35% of the company’s stock.

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About Weight Watchers International

Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.

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