WW International, Inc. to Post Q2 2024 Earnings of $0.01 Per Share, DA Davidson Forecasts (NASDAQ:WW)

WW International, Inc. (NASDAQ:WW) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share estimates for WW International in a research note issued to investors on Monday, May 6th. DA Davidson analyst L. Weiser forecasts that the company will post earnings of $0.01 per share for the quarter. DA Davidson currently has a “Buy” rating and a $6.00 target price on the stock. The consensus estimate for WW International’s current full-year earnings is ($0.03) per share. DA Davidson also issued estimates for WW International’s FY2025 earnings at $0.50 EPS.

WW International (NASDAQ:WW) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The business had revenue of $205.96 million for the quarter, compared to analyst estimates of $205.95 million.

Several other analysts have also recently weighed in on the company. Guggenheim reaffirmed a “buy” rating and set a $12.00 price objective on shares of WW International in a research report on Monday, March 18th. UBS Group decreased their price objective on WW International from $3.00 to $2.10 and set a “neutral” rating for the company in a report on Thursday, April 25th. The Goldman Sachs Group restated a “buy” rating on shares of WW International in a report on Thursday, February 1st. StockNews.com lowered shares of WW International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Barclays dropped their price objective on shares of WW International from $8.00 to $1.50 and set an “underweight” rating on the stock in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.09.

WW International Price Performance

Shares of NASDAQ WW opened at $1.89 on Tuesday. WW International has a 1 year low of $1.51 and a 1 year high of $13.31. The stock has a market capitalization of $149.84 million, a P/E ratio of -0.44 and a beta of 1.75. The company’s 50-day moving average is $2.07 and its 200 day moving average is $4.88.

Hedge Funds Weigh In On WW International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in shares of WW International by 9.4% in the fourth quarter. SG Americas Securities LLC now owns 31,165 shares of the company’s stock worth $273,000 after acquiring an additional 2,681 shares during the period. Connectus Wealth LLC bought a new stake in WW International in the 4th quarter worth approximately $127,000. Raymond James Trust N.A. purchased a new stake in WW International during the 4th quarter valued at $175,000. Advisors Preferred LLC purchased a new stake in WW International during the 3rd quarter valued at $268,000. Finally, Barometer Capital Management Inc. lifted its holdings in shares of WW International by 16.7% during the 4th quarter. Barometer Capital Management Inc. now owns 220,300 shares of the company’s stock valued at $1,928,000 after buying an additional 31,600 shares during the period. 86.18% of the stock is owned by institutional investors.

WW International Company Profile

WW International, Inc provides weight management products and services worldwide. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and web-based platform; and allows members to inspire and support each other by sharing their experiences with other people on weight health journeys.