Brokerages forecast that GNC Holdings, Inc. (NYSE:GNC) will post $0.33 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for GNC Holdings’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.45. GNC Holdings reported earnings of $0.59 per share in the same quarter last year, which would indicate a negative year over year growth rate of 44.1%. The company is expected to issue its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that GNC Holdings will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.30 to $1.56. For the next financial year, analysts expect that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $1.09 to $1.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for GNC Holdings.
GNC Holdings (NYSE:GNC) last announced its earnings results on Thursday, July 27th. The specialty retailer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $640.99 million for the quarter, compared to analysts’ expectations of $646.48 million. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. GNC Holdings’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS.
Several research firms have recently commented on GNC. ValuEngine upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC boosted their price target on shares of GNC Holdings from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Friday, July 28th. BidaskClub upgraded shares of GNC Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Odeon Capital Group LLC restated a “sell” rating on shares of GNC Holdings in a report on Tuesday, May 9th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. GNC Holdings currently has a consensus rating of “Hold” and an average target price of $9.58.
In other GNC Holdings news, CEO Robert F. Moran acquired 300,000 shares of GNC Holdings stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $6.69 per share, with a total value of $2,007,000.00. Following the purchase, the chief executive officer now owns 953,271 shares in the company, valued at $6,377,382.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan D. Feldman acquired 36,400 shares of GNC Holdings stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average cost of $6.87 per share, with a total value of $250,068.00. Following the purchase, the director now owns 47,337 shares in the company, valued at approximately $325,205.19. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 354,400 shares of company stock valued at $2,388,048. 1.85% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in GNC. Norges Bank acquired a new stake in GNC Holdings during the fourth quarter valued at about $6,441,000. Teachers Advisors LLC raised its stake in GNC Holdings by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 494,480 shares of the specialty retailer’s stock valued at $5,459,000 after buying an additional 4,108 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in GNC Holdings during the first quarter valued at about $293,000. Shah Capital Management acquired a new stake in GNC Holdings during the first quarter valued at about $4,900,000. Finally, New Jersey Better Educational Savings Trust acquired a new stake in GNC Holdings during the first quarter valued at about $515,000. 79.50% of the stock is owned by institutional investors and hedge funds.
Shares of GNC Holdings (NYSE:GNC) traded down 3.13% during midday trading on Thursday, reaching $9.30. The company’s stock had a trading volume of 883,740 shares. The stock’s 50 day moving average is $8.80 and its 200 day moving average is $7.99. The stock’s market capitalization is $636.75 million. GNC Holdings has a 12 month low of $6.51 and a 12 month high of $22.32.
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About GNC Holdings
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company’s operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products.
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