Equities research analysts forecast that NutriSystem Inc. (NASDAQ:NTRI) will report $0.53 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for NutriSystem’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.55. NutriSystem reported earnings per share of $0.49 in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that NutriSystem will report full year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.06 to $2.11. For the next year, analysts anticipate that the business will post earnings of $2.46 per share, with EPS estimates ranging from $2.41 to $2.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for NutriSystem.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Monday, July 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. NutriSystem had a return on equity of 43.29% and a net margin of 7.94%. The company had revenue of $191.30 million for the quarter, compared to the consensus estimate of $189.07 million. During the same quarter in the previous year, the business earned $0.80 EPS. NutriSystem’s revenue was down 1.8% compared to the same quarter last year.
A number of brokerages recently issued reports on NTRI. ValuEngine downgraded NutriSystem from a “sell” rating to a “strong sell” rating in a report on Friday, August 24th. BidaskClub downgraded NutriSystem from a “hold” rating to a “sell” rating in a report on Saturday, August 18th. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Thursday, August 2nd. Barrington Research reiterated a “hold” rating on shares of NutriSystem in a report on Wednesday, August 1st. Finally, B. Riley upped their target price on NutriSystem from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. NutriSystem currently has an average rating of “Hold” and an average price target of $46.50.
Shares of NASDAQ:NTRI opened at $37.18 on Monday. NutriSystem has a 1 year low of $26.06 and a 1 year high of $60.80. The stock has a market cap of $1.08 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.75 and a beta of 1.31.
In other NutriSystem news, CFO Michael P. Monahan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $40.03, for a total transaction of $800,600.00. Following the transaction, the chief financial officer now owns 72,513 shares in the company, valued at approximately $2,902,695.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay Herratti sold 1,930 shares of the company’s stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $40.00, for a total value of $77,200.00. Following the transaction, the director now owns 21,504 shares in the company, valued at approximately $860,160. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. purchased a new stake in shares of NutriSystem in the 2nd quarter worth approximately $119,000. US Bancorp DE grew its stake in shares of NutriSystem by 64.7% in the 2nd quarter. US Bancorp DE now owns 3,726 shares of the company’s stock worth $143,000 after buying an additional 1,464 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of NutriSystem in the 2nd quarter worth approximately $180,000. Independence Advisors LLC purchased a new stake in shares of NutriSystem in the 2nd quarter worth approximately $203,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of NutriSystem in the 2nd quarter worth approximately $207,000.
NutriSystem Company Profile
Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.
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