Zacks: Brokerages Expect NutriSystem Inc. (NTRI) to Post $0.53 Earnings Per Share
Equities analysts predict that NutriSystem Inc. (NASDAQ:NTRI) will report $0.53 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for NutriSystem’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.52. NutriSystem posted earnings per share of $0.49 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The company is expected to announce its next quarterly earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that NutriSystem will report full-year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.06 to $2.11. For the next year, analysts anticipate that the firm will report earnings of $2.46 per share, with EPS estimates ranging from $2.41 to $2.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover NutriSystem.
NutriSystem (NASDAQ:NTRI) last announced its earnings results on Monday, July 30th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. NutriSystem had a return on equity of 43.29% and a net margin of 7.94%. The business had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $189.07 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year.
Shares of NutriSystem stock traded up $0.25 during mid-day trading on Friday, reaching $36.25. 21,257 shares of the stock traded hands, compared to its average volume of 494,283. NutriSystem has a fifty-two week low of $26.06 and a fifty-two week high of $60.80. The stock has a market capitalization of $1.07 billion, a P/E ratio of 18.42, a PEG ratio of 1.75 and a beta of 1.31.
The business also recently declared a quarterly dividend, which was paid on Monday, August 20th. Stockholders of record on Thursday, August 9th were given a $0.25 dividend. The ex-dividend date was Wednesday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.76%. NutriSystem’s dividend payout ratio (DPR) is presently 51.02%.
In other news, CFO Michael P. Monahan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $40.03, for a total value of $800,600.00. Following the completion of the sale, the chief financial officer now directly owns 72,513 shares in the company, valued at $2,902,695.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay Herratti sold 1,930 shares of the company’s stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $40.00, for a total value of $77,200.00. Following the completion of the sale, the director now owns 21,504 shares of the company’s stock, valued at $860,160. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of NTRI. First Mercantile Trust Co. purchased a new stake in shares of NutriSystem in the second quarter valued at approximately $119,000. US Bancorp DE grew its position in NutriSystem by 64.7% in the second quarter. US Bancorp DE now owns 3,726 shares of the company’s stock worth $143,000 after acquiring an additional 1,464 shares during the period. Itau Unibanco Holding S.A. purchased a new position in NutriSystem in the second quarter worth approximately $180,000. Independence Advisors LLC purchased a new position in NutriSystem in the second quarter worth approximately $203,000. Finally, Clinton Group Inc. purchased a new position in NutriSystem in the first quarter worth approximately $204,000.
Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.
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