Analysts Anticipate NutriSystem Inc. (NTRI) to Announce $0.41 Earnings Per Share

Equities research analysts expect that NutriSystem Inc. (NASDAQ:NTRI) will announce earnings per share of $0.41 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for NutriSystem’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.39. NutriSystem reported earnings per share of $0.29 in the same quarter last year, which suggests a positive year over year growth rate of 41.4%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, February 26th.

According to Zacks, analysts expect that NutriSystem will report full-year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $1.96. For the next financial year, analysts anticipate that the business will post earnings of $2.28 per share, with EPS estimates ranging from $2.24 to $2.31. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover NutriSystem.

A number of research analysts recently issued reports on NTRI shares. BidaskClub lowered NutriSystem from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Zacks Investment Research raised NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Saturday, October 28th. Lake Street Capital set a $73.00 target price on NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. B. Riley set a $74.00 target price on NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, DA Davidson reaffirmed a “buy” rating and set a $80.00 target price on shares of NutriSystem in a report on Friday, December 22nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $67.56.

In other NutriSystem news, insider Dawn M. Zier sold 11,000 shares of NutriSystem stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $49.94, for a total transaction of $549,340.00. Following the transaction, the insider now owns 210,666 shares of the company’s stock, valued at approximately $10,520,660.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Keira Krausz sold 10,000 shares of NutriSystem stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $51.20, for a total value of $512,000.00. Following the transaction, the insider now directly owns 74,519 shares in the company, valued at approximately $3,815,372.80. The disclosure for this sale can be found here. Insiders sold a total of 66,006 shares of company stock worth $3,383,254 in the last three months. 2.40% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in NutriSystem by 3.3% during the 4th quarter. BlackRock Inc. now owns 3,819,640 shares of the company’s stock valued at $200,912,000 after acquiring an additional 121,738 shares in the last quarter. Vanguard Group Inc. grew its stake in NutriSystem by 50.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock valued at $127,974,000 after acquiring an additional 823,221 shares in the last quarter. Eagle Asset Management Inc. grew its stake in NutriSystem by 9.4% during the 4th quarter. Eagle Asset Management Inc. now owns 2,202,208 shares of the company’s stock valued at $114,445,000 after acquiring an additional 189,317 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new position in NutriSystem during the 4th quarter valued at about $96,114,000. Finally, Dimensional Fund Advisors LP grew its stake in NutriSystem by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,122,395 shares of the company’s stock valued at $62,741,000 after acquiring an additional 16,610 shares in the last quarter.

NutriSystem (NTRI) opened at $41.20 on Tuesday. The stock has a market capitalization of $1,220.00, a PE ratio of 22.27, a P/E/G ratio of 0.99 and a beta of 0.72. NutriSystem has a fifty-two week low of $34.30 and a fifty-two week high of $67.95.

NutriSystem declared that its Board of Directors has authorized a share buyback program on Wednesday, October 25th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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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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