Weight Watchers International (NYSE:WTW) Releases FY 2018 Earnings Guidance

Weight Watchers International (NYSE:WTW) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $3.15-3.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.99. Weight Watchers International also updated its FY18 guidance to $3.15-3.25 EPS.

Several equities research analysts recently commented on WTW shares. Morgan Stanley started coverage on shares of Weight Watchers International in a research note on Thursday, September 13th. They set an equal weight rating and a $76.00 price objective on the stock. ValuEngine lowered shares of Weight Watchers International from a buy rating to a hold rating in a research note on Thursday, September 6th. Zacks Investment Research raised shares of Weight Watchers International from a sell rating to a hold rating in a research note on Saturday, November 3rd. Bank of America dropped their price objective on shares of Weight Watchers International from $95.00 to $85.00 and set a buy rating on the stock in a research note on Friday, November 2nd. Finally, B. Riley boosted their price objective on shares of Weight Watchers International from $103.00 to $113.00 and gave the stock a buy rating in a research note on Tuesday, August 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $93.58.

Weight Watchers International stock traded down $3.50 during trading hours on Friday, hitting $50.33. The stock had a trading volume of 1,765,486 shares, compared to its average volume of 1,865,721. Weight Watchers International has a 12-month low of $41.15 and a 12-month high of $105.73.

Weight Watchers International (NYSE:WTW) last released its quarterly earnings data on Thursday, November 1st. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.01. The company had revenue of $365.80 million for the quarter, compared to analysts’ expectations of $377.95 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis.

In other Weight Watchers International news, Director Denis F. Kelly bought 4,000 shares of Weight Watchers International stock in a transaction on Wednesday, August 15th. The stock was acquired at an average cost of $71.59 per share, with a total value of $286,360.00. Following the completion of the acquisition, the director now owns 42,334 shares in the company, valued at $3,030,691.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder S.A. Westend sold 6,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $76.00, for a total transaction of $456,000,000.00. The disclosure for this sale can be found here. Insiders have sold 6,182,365 shares of company stock valued at $469,742,751 over the last three months. 12.31% of the stock is owned by corporate insiders.

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About Weight Watchers International

Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.

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Earnings History and Estimates for Weight Watchers International (NYSE:WTW)

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