GNC (NYSE:GNC) released its earnings results on Tuesday. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25, Bloomberg Earnings reports. The firm had revenue of $557.74 million during the quarter, compared to analysts’ expectations of $568.80 million. GNC had a negative return on equity of 133.37% and a negative net margin of 15.11%. The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS.
GNC (NYSE:GNC) traded down $0.38 during trading on Wednesday, hitting $4.57. 4,764,754 shares of the stock were exchanged, compared to its average volume of 6,210,810. GNC has a one year low of $3.13 and a one year high of $10.95. 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 firm has a market cap of $289.12, a P/E ratio of -0.81 and a beta of 0.89.
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on GNC from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday. ValuEngine cut GNC from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 21st. Barclays lowered 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. Finally, Zacks Investment Research upgraded GNC from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.77.
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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.
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