$188.43 Million in Sales Expected for Nutrisystem (NTRI) This Quarter

Wall Street brokerages expect Nutrisystem (NASDAQ:NTRI) to post sales of $188.43 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Nutrisystem’s earnings. The lowest sales estimate is $187.70 million and the highest is $189.10 million. Nutrisystem reported sales of $194.89 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.3%. The firm is expected to report its next quarterly earnings results on Wednesday, July 25th.

According to Zacks, analysts expect that Nutrisystem will report full-year sales of $702.33 million for the current year, with estimates ranging from $698.40 million to $708.10 million. For the next year, analysts anticipate that the company will post sales of $762.60 million per share, with estimates ranging from $758.60 million to $770.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Nutrisystem.

Nutrisystem (NASDAQ:NTRI) last posted its earnings results on Monday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $210.60 million during the quarter, compared to analyst estimates of $206.85 million. Nutrisystem had a return on equity of 42.69% and a net margin of 7.65%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share.

A number of research analysts recently commented on NTRI shares. Barrington Research downgraded Nutrisystem from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th. Lake Street Capital set a $48.00 price target on Nutrisystem and gave the company a “buy” rating in a report on Tuesday, May 1st. Zacks Investment Research raised Nutrisystem from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Wednesday, May 9th. BidaskClub downgraded Nutrisystem from a “sell” rating to a “strong sell” rating in a report on Thursday, April 19th. Finally, ValuEngine downgraded Nutrisystem from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $49.38.

A number of large investors have recently added to or reduced their stakes in the business. Brown Advisory Inc. lifted its holdings in Nutrisystem by 23.2% during the 4th quarter. Brown Advisory Inc. now owns 10,012 shares of the company’s stock worth $527,000 after buying an additional 1,886 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Nutrisystem by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 250,443 shares of the company’s stock worth $6,749,000 after buying an additional 2,095 shares during the last quarter. Swiss National Bank lifted its holdings in Nutrisystem by 4.8% during the 1st quarter. Swiss National Bank now owns 52,400 shares of the company’s stock worth $1,412,000 after buying an additional 2,400 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Nutrisystem by 31.5% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 14,750 shares of the company’s stock worth $776,000 after buying an additional 3,530 shares during the last quarter. Finally, Advisors Preferred LLC lifted its holdings in Nutrisystem by 1,160.4% during the 1st quarter. Advisors Preferred LLC now owns 3,983 shares of the company’s stock worth $107,000 after buying an additional 3,667 shares during the last quarter.

Shares of Nutrisystem opened at $35.25 on Monday, according to Marketbeat.com. The stock has a market capitalization of $1.05 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 0.96 and a beta of 1.12. Nutrisystem has a one year low of $26.06 and a one year high of $67.95.

The company also recently announced a quarterly dividend, which was paid on Monday, May 21st. Shareholders of record on Thursday, May 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Wednesday, May 9th. Nutrisystem’s dividend payout ratio is presently 51.02%.

About Nutrisystem

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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Earnings History and Estimates for Nutrisystem (NASDAQ:NTRI)

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