Analysts forecast that NutriSystem Inc. (NASDAQ:NTRI) will post sales of $163.87 million for the current quarter, Zacks reports. Three analysts have issued estimates for NutriSystem’s earnings. The highest sales estimate is $164.50 million and the lowest is $162.90 million. NutriSystem posted sales of $158.15 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.6%. The business is expected to report its next quarterly earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that NutriSystem will report full-year sales of $699.27 million for the current financial year, with estimates ranging from $695.10 million to $702.20 million. For the next financial year, analysts anticipate that the business will post sales of $764.70 million, with estimates ranging from $759.20 million to $772.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover NutriSystem.

NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings data on Monday, July 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.06. NutriSystem had a return on equity of 43.29% and a net margin of 7.94%. The company had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $189.07 million. During the same quarter in the previous year, the business earned $0.80 EPS. NutriSystem’s revenue was down 1.8% compared to the same quarter last year.

A number of equities analysts recently issued reports on NTRI shares. ValuEngine upgraded NutriSystem from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th. B. Riley boosted their price objective on NutriSystem from $52.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Thursday, August 2nd. DA Davidson cut NutriSystem from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $40.00 to $28.00 in a report on Monday, October 15th. Finally, Barrington Research restated a “hold” rating on shares of NutriSystem in a report on Thursday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. NutriSystem currently has a consensus rating of “Hold” and an average price target of $44.50.

NTRI traded up $0.53 during trading hours on Friday, reaching $33.39. 681,116 shares of the company’s stock traded hands, compared to its average volume of 862,663. NutriSystem has a 52-week low of $26.06 and a 52-week high of $59.90. The stock has a market cap of $967.53 million, a P/E ratio of 17.04, a PEG ratio of 1.59 and a beta of 1.27.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in NutriSystem by 6.7% during the 2nd quarter. BlackRock Inc. now owns 4,346,504 shares of the company’s stock valued at $167,340,000 after purchasing an additional 274,721 shares in the last quarter. Northern Trust Corp raised its position in NutriSystem by 1.5% during the 2nd quarter. Northern Trust Corp now owns 448,770 shares of the company’s stock valued at $17,278,000 after purchasing an additional 6,618 shares in the last quarter. Frontier Capital Management Co. LLC bought a new stake in NutriSystem during the 2nd quarter valued at $16,413,000. State of New Jersey Common Pension Fund D raised its position in NutriSystem by 9.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 410,000 shares of the company’s stock valued at $15,191,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Granite Investment Partners LLC raised its position in NutriSystem by 0.8% during the 2nd quarter. Granite Investment Partners LLC now owns 408,877 shares of the company’s stock valued at $15,742,000 after purchasing an additional 3,205 shares in the last quarter.

About NutriSystem

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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