NutriSystem Inc. (NTRI) Expected to Announce Earnings of $0.53 Per Share
Brokerages expect NutriSystem Inc. (NASDAQ:NTRI) to announce $0.53 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for NutriSystem’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.55. NutriSystem reported earnings per share of $0.49 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.2%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.
On average, analysts expect that NutriSystem will report full-year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.11. For the next year, analysts anticipate that the company will report earnings of $2.46 per share, with EPS estimates ranging from $2.41 to $2.52. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for NutriSystem.
NutriSystem (NASDAQ:NTRI) last posted its earnings results on Monday, July 30th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $191.30 million during the quarter, compared to analyst estimates of $189.07 million. NutriSystem had a return on equity of 43.29% and a net margin of 7.94%. NutriSystem’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share.
Institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank lifted its position in NutriSystem by 4.8% in the first quarter. Swiss National Bank now owns 52,400 shares of the company’s stock valued at $1,412,000 after acquiring an additional 2,400 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in NutriSystem by 4.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 148,979 shares of the company’s stock valued at $4,015,000 after acquiring an additional 6,204 shares during the last quarter. Northern Trust Corp lifted its position in NutriSystem by 6.3% in the first quarter. Northern Trust Corp now owns 442,152 shares of the company’s stock valued at $11,916,000 after acquiring an additional 26,341 shares during the last quarter. BlackRock Inc. lifted its position in NutriSystem by 6.6% in the first quarter. BlackRock Inc. now owns 4,071,783 shares of the company’s stock valued at $109,734,000 after acquiring an additional 252,143 shares during the last quarter. Finally, Citigroup Inc. lifted its position in NutriSystem by 1,158.4% in the first quarter. Citigroup Inc. now owns 13,930 shares of the company’s stock valued at $375,000 after acquiring an additional 12,823 shares during the last quarter.
NutriSystem stock traded up $0.50 during mid-day trading on Thursday, reaching $33.60. 32,417 shares of the company were exchanged, compared to its average volume of 840,554. The firm has a market cap of $1.09 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.78 and a beta of 1.27. NutriSystem has a 12-month low of $26.06 and a 12-month high of $60.00.
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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