Equities Analysts Set Expectations for GNC Holdings Inc’s FY2018 Earnings (GNC)

GNC Holdings Inc (NYSE:GNC) – Investment analysts at Gabelli lowered their FY2018 earnings per share estimates for shares of GNC in a research report issued to clients and investors on Wednesday. Gabelli analyst D. Witkowski now expects that the specialty retailer will post earnings of $1.10 per share for the year, down from their prior forecast of $1.20. Gabelli also issued estimates for GNC’s FY2020 earnings at $1.40 EPS, FY2021 earnings at $1.70 EPS and FY2022 earnings at $2.00 EPS.

GNC (NYSE:GNC) last released its earnings results on Tuesday, February 13th. The specialty retailer reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. GNC had a negative return on equity of 191.92% and a negative net margin of 6.07%. The firm had revenue of $557.74 million for the quarter, compared to the consensus estimate of $568.80 million. During the same period in the prior year, the business posted $0.07 earnings per share. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded GNC from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Barclays reduced their target price on GNC from $9.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, October 27th. ValuEngine upgraded GNC from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Finally, JPMorgan Chase & Co. cut their price objective on GNC from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. GNC currently has a consensus rating of “Hold” and a consensus target price of $7.77.

GNC (NYSE:GNC) traded up $0.07 during midday trading on Thursday, reaching $4.25. The company had a trading volume of 1,944,821 shares, compared to its average volume of 6,421,918. GNC has a 1 year low of $3.13 and a 1 year high of $10.95. The stock has a market capitalization of $341.56, a P/E ratio of 3.67 and a beta of 0.89. The company has a debt-to-equity ratio of -55.95, a current ratio of 2.44 and a quick ratio of 0.70.

Several institutional investors have recently added to or reduced their stakes in GNC. Schwab Charles Investment Management Inc. grew its stake in shares of GNC by 58.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 454,391 shares of the specialty retailer’s stock valued at $3,831,000 after buying an additional 168,082 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of GNC by 1.1% in the second quarter. Teachers Advisors LLC now owns 124,251 shares of the specialty retailer’s stock valued at $1,047,000 after buying an additional 1,315 shares in the last quarter. 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 valued at $7,517,000 after buying an additional 39,378 shares in 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 valued at $4,145,000 after buying an additional 84,300 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of GNC by 53.0% in the second quarter. Parametric Portfolio Associates LLC now owns 683,197 shares of the specialty retailer’s stock valued at $5,759,000 after buying an additional 236,793 shares in the last quarter. Institutional investors own 62.08% of the company’s stock.

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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.

Earnings History and Estimates for GNC (NYSE:GNC)

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