NutriSystem Inc. (NASDAQ:NTRI) announced a quarterly dividend on Tuesday, October 30th, NASDAQ reports. Investors of record on Friday, November 9th will be given a dividend of 0.25 per share on Monday, November 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, November 8th.
NutriSystem has a payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Analysts expect NutriSystem to earn $2.42 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 41.3%.
NASDAQ:NTRI opened at $36.72 on Wednesday. The company has a market capitalization of $1.11 billion, a P/E ratio of 18.73, a PEG ratio of 1.77 and a beta of 1.04. NutriSystem has a 1-year low of $26.06 and a 1-year high of $55.10.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.54 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.54. The business had revenue of $159.30 million for the quarter, compared to analysts’ expectations of $164.18 million. NutriSystem had a return on equity of 43.46% and a net margin of 8.06%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, analysts expect that NutriSystem will post 2.12 earnings per share for the current fiscal year.
A number of equities analysts have commented on the company. ValuEngine raised NutriSystem from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 1st. Barrington Research reaffirmed a “hold” rating on shares of NutriSystem in a research note on Wednesday, August 1st. Zacks Investment Research raised NutriSystem from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised NutriSystem from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. Finally, DA Davidson raised NutriSystem from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $28.00 to $36.00 in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. NutriSystem currently has an average rating of “Hold” and a consensus target price of $45.57.
NutriSystem declared that its Board of Directors has approved a share buyback program on Tuesday, October 30th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
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NutriSystem Company Profile
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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