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.
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.
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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