Q1 2018 Earnings Forecast for NutriSystem Inc. (NTRI) Issued By DA Davidson
NutriSystem Inc. (NASDAQ:NTRI) – DA Davidson decreased their Q1 2018 earnings estimates for NutriSystem in a research note issued to investors on Tuesday. DA Davidson analyst L. Weiser now anticipates that the company will earn $0.08 per share for the quarter, down from their previous forecast of $0.25. DA Davidson has a “Buy” rating and a $80.00 price target on the stock.
NutriSystem (NASDAQ:NTRI) last issued its earnings results on Monday, February 26th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. NutriSystem had a net margin of 8.30% and a return on equity of 48.69%. The firm had revenue of $131.20 million for the quarter, compared to analysts’ expectations of $128.75 million. During the same quarter last year, the company posted $0.29 earnings per share. NutriSystem’s revenue was up 20.5% on a year-over-year basis.
NutriSystem (NASDAQ NTRI) opened at $31.45 on Friday. NutriSystem has a twelve month low of $28.50 and a twelve month high of $67.95. The stock has a market cap of $944.74, a PE ratio of 16.47, a price-to-earnings-growth ratio of 0.82 and a beta of 1.03.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Thursday, March 8th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Wednesday, March 7th. This is a boost from NutriSystem’s previous quarterly dividend of $0.18. NutriSystem’s payout ratio is 36.65%.
In related news, insider Dawn M. Zier sold 30,825 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $40.37, for a total transaction of $1,244,405.25. Following the sale, the insider now owns 221,013 shares of the company’s stock, valued at $8,922,294.81. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael P. Monahan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $49.60, for a total value of $496,000.00. Following the sale, the chief financial officer now directly owns 46,660 shares in the company, valued at approximately $2,314,336. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,831 shares of company stock worth $4,627,659. Corporate insiders own 2.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Atlantic Trust Group LLC bought a new stake in NutriSystem during the third quarter worth approximately $1,151,000. U S Global Investors Inc. bought a new stake in NutriSystem during the third quarter worth approximately $1,023,000. Capital Fund Management S.A. raised its holdings in NutriSystem by 225.1% during the fourth quarter. Capital Fund Management S.A. now owns 102,400 shares of the company’s stock worth $5,386,000 after purchasing an additional 70,900 shares in the last quarter. Emerald Advisers Inc. PA raised its holdings in NutriSystem by 13.1% during the third quarter. Emerald Advisers Inc. PA now owns 661,428 shares of the company’s stock worth $36,974,000 after purchasing an additional 76,430 shares in the last quarter. Finally, Copper Rock Capital Partners LLC raised its holdings in NutriSystem by 3.6% during the fourth quarter. Copper Rock Capital Partners LLC now owns 493,793 shares of the company’s stock worth $26,048,000 after purchasing an additional 17,111 shares in the last quarter.
TRADEMARK VIOLATION NOTICE: This article was first posted by Daily Political and is the property of of Daily Political. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.dailypolitical.com/2018/03/03/q1-2018-earnings-forecast-for-nutrisystem-inc-ntri-issued-by-da-davidson.html.
NutriSystem Company Profile
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.
Receive News & Ratings for NutriSystem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NutriSystem and related companies with MarketBeat.com's FREE daily email newsletter.