Brokerages Anticipate GNC Holdings Inc (GNC) Will Announce Quarterly Sales of $549.45 Million
Brokerages expect that GNC Holdings Inc (NYSE:GNC) will post $549.45 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for GNC’s earnings, with estimates ranging from $544.86 million to $554.04 million. GNC posted sales of $569.93 million in the same quarter last year, which suggests a negative year over year growth rate of 3.6%. The company is expected to issue its next earnings report on Thursday, February 15th.
According to Zacks, analysts expect that GNC will report full-year sales of $549.45 million for the current financial year, with estimates ranging from $2.44 billion to $2.47 billion. For the next financial year, analysts expect that the company will post sales of $2.42 billion per share, with estimates ranging from $2.31 billion to $2.50 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for GNC.
GNC (NYSE:GNC) last issued its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). GNC had a negative return on equity of 133.37% and a negative net margin of 15.11%. The company had revenue of $609.47 million during the quarter, compared to analysts’ expectations of $614.08 million. During the same quarter in the prior year, the business posted $0.59 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year.
Several brokerages have recently weighed in on GNC. ValuEngine cut shares of GNC from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 21st. Barclays dropped their price target on shares of GNC from $9.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and set a $10.00 price target on shares of GNC in a research note on Sunday, September 17th. Finally, Zacks Investment Research cut shares of GNC from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. GNC currently has an average rating of “Hold” and an average target price of $8.10.
Shares of GNC (NYSE GNC) traded up $0.18 during trading on Friday, hitting $3.57. 3,180,000 shares of the stock traded hands, compared to its average volume of 4,406,558. The stock has a market cap of $246.34, a PE ratio of 3.05 and a beta of 0.79. GNC has a 1-year low of $3.13 and a 1-year high of $11.79. The company has a quick ratio of 0.70, a current ratio of 2.44 and a debt-to-equity ratio of -55.95.
In other news, EVP Tim Mantel acquired 20,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of $5.80 per share, for a total transaction of $116,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.85% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System raised its position in shares of GNC by 20.7% during the 2nd quarter. California Public Employees Retirement System now owns 491,700 shares of the specialty retailer’s stock valued at $4,145,000 after purchasing an additional 84,300 shares during the period. Maverick Capital Ltd. bought a new stake in shares of GNC during the 2nd quarter valued at $2,797,000. Northern Trust Corp raised its position in shares of GNC by 4.6% during the 2nd quarter. Northern Trust Corp now owns 891,636 shares of the specialty retailer’s stock valued at $7,517,000 after purchasing an additional 39,378 shares during the period. State Street Corp raised its position in shares of GNC by 5.3% during the 2nd quarter. State Street Corp now owns 2,369,707 shares of the specialty retailer’s stock valued at $19,971,000 after purchasing an additional 118,390 shares during the period. Finally, K2 Principal Fund L.P. raised its position in shares of GNC by 457.9% during the 3rd quarter. K2 Principal Fund L.P. now owns 70,128 shares of the specialty retailer’s stock valued at $620,000 after purchasing an additional 89,720 shares during the period. Hedge funds and other institutional investors own 61.81% of the company’s stock.
GNC Company Profile
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company’s operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products.
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