Zacks: Brokerages Anticipate GNC Holdings, Inc. (GNC) Will Announce Earnings of $0.21 Per Share
Wall Street analysts expect that GNC Holdings, Inc. (NYSE:GNC) will announce earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for GNC Holdings’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.20. GNC Holdings reported earnings of $0.07 per share during the same quarter last year, which indicates a positive year over year growth rate of 200%. The business is scheduled to announce its next earnings results on Thursday, February 15th.
On average, analysts expect that GNC Holdings will report full-year earnings of $1.28 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.33. For the next financial year, analysts forecast that the company will report earnings of $1.12 per share, with EPS estimates ranging from $0.96 to $1.20. Zacks’ EPS averages are an average based on a survey of analysts that cover GNC Holdings.
GNC Holdings (NYSE:GNC) last announced its earnings results on Thursday, October 26th. The specialty retailer reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). The business had revenue of $609.47 million during the quarter, compared to the consensus estimate of $614.08 million. GNC Holdings had a negative net margin of 15.11% and a negative return on equity of 133.37%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS.
GNC has been the subject of several recent analyst reports. Zacks Investment Research cut shares of GNC Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Barclays PLC lowered their target price on GNC Holdings from $9.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, October 27th. BidaskClub raised GNC Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Bank of America Corporation lowered their target price on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating for the company in a research note on Tuesday, August 22nd. Finally, Robert W. Baird reissued a “hold” rating and set a $10.00 target price on shares of GNC Holdings in a research note on Sunday, September 17th. Six analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.95.
GNC Holdings (NYSE GNC) traded down $0.11 on Monday, reaching $5.83. 3,341,700 shares of the company traded hands, compared to its average volume of 3,081,807. GNC Holdings has a 1-year low of $5.61 and a 1-year high of $15.50. The company has a debt-to-equity ratio of -55.95, a current ratio of 2.44 and a quick ratio of 0.70. The company has a market capitalization of $402.29, a PE ratio of 4.98 and a beta of 0.86.
In other GNC Holdings news, CEO Kenneth Martindale sold 64,555 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $9.28, for a total transaction of $599,070.40. Following the transaction, the chief executive officer now directly owns 455,001 shares in the company, valued at approximately $4,222,409.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.85% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. increased its position in shares of GNC Holdings by 269.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 59,452 shares of the specialty retailer’s stock valued at $438,000 after purchasing an additional 43,355 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in GNC Holdings in the 1st quarter worth about $233,000. American International Group Inc. increased its holdings in GNC Holdings by 3.3% in the 1st quarter. American International Group Inc. now owns 42,261 shares of the specialty retailer’s stock worth $311,000 after acquiring an additional 1,362 shares during the last quarter. Principal Financial Group Inc. increased its holdings in GNC Holdings by 38.3% in the 1st quarter. Principal Financial Group Inc. now owns 40,617 shares of the specialty retailer’s stock worth $299,000 after acquiring an additional 11,243 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in GNC Holdings by 13.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 375,837 shares of the specialty retailer’s stock worth $2,766,000 after acquiring an additional 44,281 shares during the last quarter. Institutional investors and hedge funds own 63.25% of the company’s stock.
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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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