NutriSystem Inc (NASDAQ:NTRI) Updates Q4 Earnings Guidance

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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About NutriSystem

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.

Earnings History and Estimates for NutriSystem (NASDAQ:NTRI)

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