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.
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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%.
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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