Weight Watchers International (WW) Downgraded by ValuEngine

ValuEngine lowered shares of Weight Watchers International (NASDAQ:WW) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday, ValuEngine reports.

Other analysts have also issued research reports about the company. B. Riley reissued a neutral rating and set a $22.00 price objective on shares of Weight Watchers International in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on Weight Watchers International from $12.00 to $14.00 and gave the company an underweight rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock has a consensus rating of Sell and an average target price of $19.00.

Shares of NASDAQ:WW traded up $2.65 during trading on Wednesday, reaching $22.96. 14,946,782 shares of the company traded hands, compared to its average volume of 4,482,604. The firm has a market cap of $1.54 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 1.27 and a beta of 2.37. Weight Watchers International has a 52-week low of $17.55 and a 52-week high of $105.73.

Weight Watchers International (NASDAQ:WW) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. The firm had revenue of $363.00 million during the quarter, compared to analyst estimates of $365.91 million. Weight Watchers International had a negative return on equity of 23.07% and a net margin of 14.77%. The business’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. As a group, equities research analysts forecast that Weight Watchers International will post 1.29 EPS for the current fiscal year.

About Weight Watchers International

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

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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