Weight Watchers International, Inc. (NYSE:WTW) – B. Riley increased their Q2 2018 earnings estimates for Weight Watchers International in a report issued on Wednesday, Zacks Investment Research reports. B. Riley analyst K. Anderson now forecasts that the company will post earnings of $0.99 per share for the quarter, up from their previous estimate of $0.65. B. Riley currently has a “Buy” rating and a $98.00 target price on the stock. B. Riley also issued estimates for Weight Watchers International’s Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.58 EPS and FY2019 earnings at $3.26 EPS.
Weight Watchers International (NYSE:WTW) last announced its earnings results on Tuesday, February 27th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $312.50 million for the quarter, compared to analyst estimates of $309.35 million. Weight Watchers International had a negative return on equity of 10.38% and a net margin of 12.52%.
A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $72.00 price objective on the stock in a report on Tuesday, March 6th. Sidoti upgraded Weight Watchers International from a “neutral” rating to a “buy” rating in a report on Monday, March 5th. ValuEngine upgraded Weight Watchers International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Craig Hallum raised their price objective on Weight Watchers International from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Weight Watchers International presently has an average rating of “Buy” and an average target price of $72.00.
Shares of Weight Watchers International (NYSE:WTW) traded down $0.98 during mid-day trading on Monday, reaching $64.42. The company’s stock had a trading volume of 914,400 shares, compared to its average volume of 2,130,000. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of -1.71. The stock has a market cap of $4,160.00, a price-to-earnings ratio of 46.01, a P/E/G ratio of 1.68 and a beta of 3.17. Weight Watchers International has a 12 month low of $14.12 and a 12 month high of $77.19.
In other news, Director Oprah Winfrey sold 2,359,702 shares of Weight Watchers International stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $60.48, for a total transaction of $142,714,776.96. Following the transaction, the director now owns 6,009,283 shares in the company, valued at approximately $363,441,435.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Denis F. Kelly purchased 2,200 shares of Weight Watchers International stock in a transaction dated Thursday, March 8th. The shares were bought at an average price of $62.43 per share, for a total transaction of $137,346.00. Following the acquisition, the director now owns 41,852 shares in the company, valued at $2,612,820.36. The disclosure for this purchase can be found here. 15.75% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado purchased a new position in shares of Weight Watchers International during the 4th quarter worth $113,000. Sei Investments Co. raised its holdings in shares of Weight Watchers International by 3,364.2% during the 3rd quarter. Sei Investments Co. now owns 4,157 shares of the company’s stock worth $181,000 after acquiring an additional 4,037 shares during the period. Trexquant Investment LP purchased a new position in shares of Weight Watchers International during the 3rd quarter worth $216,000. Virginia Retirement Systems ET AL purchased a new position in shares of Weight Watchers International during the 3rd quarter worth $226,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Weight Watchers International during the 4th quarter worth about $243,000. Institutional investors and hedge funds own 92.10% of the company’s stock.
Weight Watchers International Company Profile
Weight Watchers International, Inc is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Company’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications.
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