Brokerages Expect NutriSystem Inc (NTRI) Will Announce Quarterly Sales of $155.57 Million
Wall Street brokerages expect NutriSystem Inc (NASDAQ:NTRI) to announce sales of $155.57 million for the current quarter, Zacks reports. Three analysts have issued estimates for NutriSystem’s earnings. The highest sales estimate is $156.00 million and the lowest is $155.00 million. NutriSystem posted sales of $124.57 million in the same quarter last year, which suggests a positive year over year growth rate of 24.9%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that NutriSystem will report full year sales of $155.57 million for the current fiscal year, with estimates ranging from $688.57 million to $693.60 million. For the next financial year, analysts anticipate that the business will post sales of $789.33 million per share, with estimates ranging from $778.09 million to $800.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow 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 analysts’ consensus estimates of $0.62 by $0.18. The business had revenue of $194.90 million during the quarter, compared to analysts’ expectations of $180.75 million. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The company’s revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS.
NTRI has been the subject of a number of recent analyst reports. Lake Street Capital set a $73.00 price objective on NutriSystem and gave the company a “buy” rating in a research report on Thursday, July 27th. DA Davidson reaffirmed a “buy” rating and issued a $64.00 price objective on shares of NutriSystem in a research report on Monday, July 24th. Sidoti raised NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, June 12th. Argus lifted their price objective on NutriSystem from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Finally, Craig Hallum set a $70.00 price objective on NutriSystem and gave the company a “buy” rating in a research report on Thursday, April 27th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $64.90.
NutriSystem (NASDAQ:NTRI) traded up 1.20% during trading on Thursday, hitting $54.90. The stock had a trading volume of 365,674 shares. The stock’s 50-day moving average is $54.95 and its 200 day moving average is $50.26. NutriSystem has a one year low of $26.90 and a one year high of $67.95. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 34.01 and a beta of 1.13.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, August 3rd. NutriSystem’s dividend payout ratio (DPR) is presently 43.48%.
In other NutriSystem news, CFO Michael P. Monahan sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $50.03, for a total transaction of $250,150.00. Following the completion of the sale, the chief financial officer now owns 37,743 shares of the company’s stock, valued at $1,888,282.29. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dawn M. Zier sold 29,100 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $54.00, for a total value of $1,571,400.00. Following the completion of the sale, the insider now directly owns 273,867 shares of the company’s stock, valued at approximately $14,788,818. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,564 shares of company stock valued at $5,448,859. 2.40% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Mason Street Advisors LLC increased its stake in shares of NutriSystem by 8.9% in the first quarter. Mason Street Advisors LLC now owns 6,987 shares of the company’s stock valued at $388,000 after buying an additional 570 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of NutriSystem during the first quarter valued at $240,000. Acadian Asset Management LLC increased its stake in shares of NutriSystem by 107.7% in the first quarter. Acadian Asset Management LLC now owns 488,856 shares of the company’s stock valued at $27,132,000 after buying an additional 253,484 shares during the last quarter. Capital Growth Management LP bought a new stake in shares of NutriSystem during the first quarter valued at $2,220,000. Finally, Oxford Asset Management bought a new stake in shares of NutriSystem during the first quarter valued at $2,258,000. 97.18% of the stock is owned by institutional investors.
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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