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%.
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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