NutriSystem Inc (NASDAQ:NTRI) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.37-$0.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.40. The company issued revenue guidance of $126-131 million, compared to the consensus revenue estimate of $127.21 million.
NutriSystem Inc (NASDAQ NTRI) traded down $0.65 during trading hours on Friday, reaching $46.85. The company’s stock had a trading volume of 450,500 shares, compared to its average volume of 501,736. NutriSystem Inc has a 12 month low of $31.60 and a 12 month high of $67.95. The stock has a market capitalization of $1,426.87, a P/E ratio of 25.96, a P/E/G ratio of 1.33 and a beta of 1.05.
NutriSystem (NASDAQ:NTRI) last released its earnings results on Wednesday, October 25th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $158.10 million during the quarter, compared to analysts’ expectations of $155.21 million. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. NutriSystem’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. research analysts anticipate that NutriSystem Inc will post 1.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, November 3rd. NutriSystem’s dividend payout ratio is presently 38.25%.
NutriSystem declared that its board has initiated a stock buyback program on Wednesday, October 25th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.
A number of equities research analysts recently weighed in on the company. Lake Street Capital set a $73.00 price target on NutriSystem and gave the stock a buy rating in a report on Thursday, July 27th. Craig Hallum set a $80.00 price target on NutriSystem and gave the stock a buy rating in a research note on Thursday, July 27th. DA Davidson reaffirmed a buy rating and issued a $64.00 target price on shares of NutriSystem in a research report on Monday, July 24th. BidaskClub raised NutriSystem from a buy rating to a strong-buy rating in a research report on Wednesday, July 19th. Finally, B. Riley set a $74.00 target price on NutriSystem and gave the company a buy rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $67.44.
In other NutriSystem news, Director Jay Herratti sold 3,799 shares of NutriSystem stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $60.00, for a total transaction of $227,940.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael P. Monahan sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $53.33, for a total transaction of $533,300.00. Following the transaction, the chief financial officer now owns 59,598 shares in the company, valued at $3,178,361.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,255 shares of company stock worth $3,332,250. 2.40% of the stock is currently owned by company insiders.
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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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