$131.20 Million in Sales Expected for NutriSystem Inc. (NTRI) This Quarter

Brokerages expect that NutriSystem Inc. (NASDAQ:NTRI) will post $131.20 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for NutriSystem’s earnings, with estimates ranging from $129.90 million to $132.00 million. NutriSystem reported sales of $131.24 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 0%. The company is expected to announce its next earnings report on Monday, February 25th.

According to Zacks, analysts expect that NutriSystem will report full-year sales of $692.70 million for the current financial year, with estimates ranging from $691.40 million to $693.50 million. For the next year, analysts forecast that the company will post sales of $749.40 million, with estimates ranging from $744.00 million to $755.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover NutriSystem.

NutriSystem (NASDAQ:NTRI) last issued its earnings results on Tuesday, October 30th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $159.30 million for the quarter, compared to analysts’ expectations of $164.18 million. NutriSystem had a net margin of 8.06% and a return on equity of 43.46%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS.

A number of equities analysts recently commented on NTRI shares. DA Davidson cut shares of NutriSystem from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $40.00 to $28.00 in a research report on Monday, October 15th. ValuEngine upgraded shares of NutriSystem from a “strong sell” rating to a “sell” rating in a research report on Friday, October 12th. Barrington Research upgraded shares of NutriSystem from a “market perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Thursday, November 1st. Zacks Investment Research cut shares of NutriSystem from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, BidaskClub upgraded shares of NutriSystem from a “sell” rating to a “hold” rating in a research report on Saturday, October 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. NutriSystem presently has an average rating of “Hold” and an average price target of $45.57.

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of NutriSystem by 1.6% in the third quarter. BlackRock Inc. now owns 4,418,221 shares of the company’s stock valued at $163,695,000 after acquiring an additional 71,717 shares during the period. Eagle Asset Management Inc. increased its position in shares of NutriSystem by 28.6% in the third quarter. Eagle Asset Management Inc. now owns 2,727,430 shares of the company’s stock valued at $101,051,000 after acquiring an additional 606,301 shares during the period. Alliancebernstein L.P. increased its position in shares of NutriSystem by 15.9% in the third quarter. Alliancebernstein L.P. now owns 815,482 shares of the company’s stock valued at $30,214,000 after acquiring an additional 112,042 shares during the period. Ceredex Value Advisors LLC purchased a new position in shares of NutriSystem in the third quarter valued at about $27,746,000. Finally, Frontier Capital Management Co. LLC increased its position in shares of NutriSystem by 41.3% in the third quarter. Frontier Capital Management Co. LLC now owns 602,313 shares of the company’s stock valued at $22,316,000 after acquiring an additional 176,003 shares during the period.

NASDAQ:NTRI traded down $0.37 during trading hours on Wednesday, reaching $37.07. The company’s stock had a trading volume of 404,463 shares, compared to its average volume of 1,060,736. The stock has a market cap of $1.08 billion, a PE ratio of 18.91, a PEG ratio of 1.39 and a beta of 1.04. NutriSystem has a 1 year low of $26.06 and a 1 year high of $55.10.

NutriSystem declared that its board has initiated a share repurchase plan on Tuesday, October 30th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Friday, November 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, November 8th. NutriSystem’s payout ratio is 51.02%.

NutriSystem Company Profile

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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