Zacks: Brokerages Expect NutriSystem Inc (NTRI) to Announce $0.45 Earnings Per Share

Wall Street analysts expect NutriSystem Inc (NASDAQ:NTRI) to post $0.45 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for NutriSystem’s earnings. NutriSystem reported earnings of $0.27 per share during the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The business is expected to issue its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that NutriSystem will report full year earnings of $1.90 per share for the current financial year. For the next fiscal year, analysts expect that the firm will report earnings of $2.23 per share, with EPS estimates ranging from $2.16 to $2.27. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for NutriSystem.

NutriSystem (NASDAQ:NTRI) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.18. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The company had revenue of $194.90 million during the quarter, compared to analysts’ expectations of $180.75 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year.

A number of equities research analysts have recently commented on NTRI shares. Craig Hallum set a $80.00 price objective on NutriSystem and gave the company a “buy” rating in a research report on Thursday, July 27th. BidaskClub upgraded NutriSystem from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research report on Saturday, July 29th. Barrington Research upgraded NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Monday, July 31st. Finally, DA Davidson reiterated a “buy” rating and set a $64.00 price objective on shares of NutriSystem in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $68.11.

In other news, Director Robert F. Bernstock sold 7,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $53.26, for a total value of $372,820.00. Following the completion of the sale, the director now owns 25,350 shares in the company, valued at $1,350,141. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawn M. Zier sold 30,121 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $52.27, for a total value of $1,574,424.67. Following the sale, the insider now owns 214,646 shares of the company’s stock, valued at $11,219,546.42. The disclosure for this sale can be found here. Insiders sold 106,221 shares of company stock valued at $5,633,245 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Several large investors have recently made changes to their positions in NTRI. BlackRock Inc. raised its holdings in shares of NutriSystem by 114,552.3% during the first quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock worth $197,259,000 after acquiring an additional 3,551,122 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of NutriSystem by 50.3% during the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock worth $127,974,000 after acquiring an additional 823,221 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of NutriSystem by 73.7% during the second quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock worth $67,794,000 after acquiring an additional 552,420 shares in the last quarter. Copper Rock Capital Partners LLC raised its holdings in shares of NutriSystem by 74.5% during the second quarter. Copper Rock Capital Partners LLC now owns 1,243,535 shares of the company’s stock worth $43,088,000 after acquiring an additional 530,805 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of NutriSystem by 102.5% during the second quarter. Acadian Asset Management LLC now owns 989,763 shares of the company’s stock worth $51,518,000 after acquiring an additional 500,907 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

NutriSystem (NASDAQ NTRI) traded down 0.86% during trading on Thursday, hitting $52.05. The stock had a trading volume of 318,661 shares. The firm’s 50-day moving average price is $53.23 and its 200-day moving average price is $52.80. NutriSystem has a 1-year low of $28.72 and a 1-year high of $67.95. The stock has a market cap of $1.55 billion, a PE ratio of 32.25 and a beta of 1.15.

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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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Earnings History and Estimates for NutriSystem (NASDAQ:NTRI)

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