FY2018 EPS Estimates for NutriSystem Inc. Lowered by DA Davidson (NTRI)

NutriSystem Inc. (NASDAQ:NTRI) – Research analysts at DA Davidson lowered their FY2018 earnings estimates for shares of NutriSystem in a research report issued to clients and investors on Monday, October 15th, Zacks Investment Research reports. DA Davidson analyst L. Weiser now expects that the company will earn $1.99 per share for the year, down from their previous forecast of $2.06. DA Davidson currently has a “Neutral” rating and a $36.00 target price on the stock. DA Davidson also issued estimates for NutriSystem’s Q4 2018 earnings at $0.48 EPS, FY2019 earnings at $2.34 EPS and FY2020 earnings at $2.57 EPS.

NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. NutriSystem had a net margin of 8.06% and a return on equity of 43.46%. The firm had revenue of $159.30 million during the quarter, compared to the consensus estimate of $164.18 million. During the same period last year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis.

Several other equities analysts also recently issued reports on NTRI. Barrington Research reissued a “hold” rating on shares of NutriSystem in a report on Thursday, July 19th. B. Riley raised their price objective on shares of NutriSystem from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research cut shares of NutriSystem from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. ValuEngine upgraded shares of NutriSystem from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, BidaskClub cut shares of NutriSystem from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.57.

NTRI stock traded down $0.37 during trading on Wednesday, hitting $37.07. 404,463 shares of the stock traded hands, compared to its average volume of 1,060,736. NutriSystem has a one year low of $26.06 and a one year high of $55.10. The company has a market capitalization of $1.08 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.39 and a beta of 1.04.

NutriSystem announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 30th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Friday, November 9th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, November 8th. NutriSystem’s payout ratio is presently 51.02%.

A number of institutional investors and hedge funds have recently bought and sold shares of NTRI. First Mercantile Trust Co. acquired a new stake in shares of NutriSystem during the 2nd quarter worth approximately $119,000. US Bancorp DE grew its position in shares of NutriSystem by 64.7% during the 2nd quarter. US Bancorp DE now owns 3,726 shares of the company’s stock worth $143,000 after buying an additional 1,464 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of NutriSystem during the 2nd quarter worth approximately $180,000. Independence Advisors LLC acquired a new stake in shares of NutriSystem during the 2nd quarter worth approximately $203,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of NutriSystem during the 2nd quarter worth approximately $207,000.

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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