Research Analysts Issue Forecasts for NutriSystem Inc’s Q3 2017 Earnings (NTRI)

NutriSystem Inc (NASDAQ:NTRI) – Research analysts at Barrington Research issued their Q3 2017 earnings per share (EPS) estimates for NutriSystem in a note issued to investors on Monday. Barrington Research analyst M. Gall anticipates that the company will post earnings of $0.45 per share for the quarter. Barrington Research currently has a “Outperform” rating and a $65.00 target price on the stock. Barrington Research also issued estimates for NutriSystem’s Q4 2017 earnings at $0.39 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $0.55 EPS and Q4 2018 earnings at $0.48 EPS.

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

WARNING: “Research Analysts Issue Forecasts for NutriSystem Inc’s Q3 2017 Earnings (NTRI)” was published by Rincon Hill News and is owned by of Rincon Hill News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://rinconhillneighbors.org/2017/08/13/research-analysts-issue-forecasts-for-nutrisystem-incs-q3-2017-earnings-ntri-updated.html.

A number of other analysts also recently issued reports on the company. BidaskClub downgraded NutriSystem from a “strong-buy” rating to a “buy” rating in a research report on Monday. DA Davidson reiterated a “buy” rating and set a $79.00 price target (up previously from $64.00) on shares of NutriSystem in a research report on Sunday. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a research report on Saturday. B. Riley reiterated a “buy” rating and set a $74.00 price target on shares of NutriSystem in a research report on Friday. Finally, Craig Hallum set a $80.00 price target on NutriSystem and gave the company a “buy” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.90.

NutriSystem (NTRI) opened at 54.35 on Wednesday. NutriSystem has a 52 week low of $26.90 and a 52 week high of $67.95. The firm has a market cap of $1.62 billion, a P/E ratio of 33.67 and a beta of 1.12. The firm’s 50-day moving average price is $54.16 and its 200 day moving average price is $48.76.

Several institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its position in shares of NutriSystem by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock worth $183,000 after buying an additional 100 shares in the last quarter. US Bancorp DE boosted its position in shares of NutriSystem by 2.2% in the first quarter. US Bancorp DE now owns 5,211 shares of the company’s stock worth $289,000 after buying an additional 110 shares during the period. Creative Planning boosted its position in shares of NutriSystem by 5.3% in the second quarter. Creative Planning now owns 3,377 shares of the company’s stock worth $176,000 after buying an additional 171 shares during the period. Texas Permanent School Fund boosted its position in shares of NutriSystem by 0.9% in the second quarter. Texas Permanent School Fund now owns 21,832 shares of the company’s stock worth $1,136,000 after buying an additional 199 shares during the period. Finally, Suntrust Banks Inc. boosted its position in shares of NutriSystem by 1.6% in the first quarter. Suntrust Banks Inc. now owns 14,320 shares of the company’s stock worth $794,000 after buying an additional 232 shares during the period. 94.96% of the stock is currently owned by institutional investors.

In related news, insider Dawn M. Zier sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $49.65, for a total transaction of $1,489,500.00. Following the transaction, the insider now directly owns 217,289 shares of the company’s stock, valued at approximately $10,788,398.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael P. Monahan sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $50.03, for a total value of $250,150.00. Following the transaction, the chief financial officer now directly owns 37,743 shares in the company, valued at $1,888,282.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,611 shares of company stock worth $5,471,324. 2.40% of the stock is currently owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.29%. NutriSystem’s dividend payout ratio is 43.48%.

About NutriSystem

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.

Earnings History and Estimates for NutriSystem (NASDAQ:NTRI)

Receive News & Ratings for NutriSystem Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem Inc and related companies with our FREE daily email newsletter.

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.