Brokerages predict that Weight Watchers (NYSE:WTW) will announce sales of $375.05 million for the current quarter, Zacks reports. Two analysts have issued estimates for Weight Watchers’ earnings, with the highest sales estimate coming in at $393.80 million and the lowest estimate coming in at $356.30 million. Weight Watchers posted sales of $329.10 million in the same quarter last year, which would indicate a positive year over year growth rate of 14%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, May 3rd.
On average, analysts expect that Weight Watchers will report full year sales of $1.55 billion for the current fiscal year. For the next fiscal year, analysts forecast that the firm will report sales of $1.58 billion per share, with estimates ranging from $1.42 billion to $1.73 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Weight Watchers.
Weight Watchers (NYSE:WTW) last posted its earnings results on Tuesday, February 27th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. Weight Watchers had a net margin of 12.52% and a negative return on equity of 10.38%. The company had revenue of $312.50 million during the quarter, compared to analysts’ expectations of $309.35 million.
A number of equities research analysts recently commented on WTW shares. B. Riley increased their target price on shares of Weight Watchers from $65.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research raised shares of Weight Watchers from a “hold” rating to a “strong-buy” rating and set a $72.00 target price for the company in a research report on Tuesday, March 6th. Sidoti raised shares of Weight Watchers from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. Craig Hallum increased their target price on shares of Weight Watchers from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, ValuEngine cut shares of Weight Watchers from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Weight Watchers presently has a consensus rating of “Buy” and a consensus target price of $72.00.
In related news, Director Denis F. Kelly purchased 2,200 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was acquired at an average price of $62.43 per share, with a total value of $137,346.00. Following the completion of the acquisition, the director now owns 41,852 shares in the company, valued at approximately $2,612,820.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Oprah Winfrey sold 262,860 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $62.92, for a total transaction of $16,539,151.20. Following the completion of the transaction, the director now directly owns 6,009,283 shares of the company’s stock, valued at approximately $378,104,086.36. The disclosure for this sale can be found here. Company insiders own 12.31% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado purchased a new position in shares of Weight Watchers in the fourth quarter worth $113,000. BlueCrest Capital Management Ltd purchased a new position in shares of Weight Watchers during the fourth quarter worth $243,000. Delpha Capital Management LLC purchased a new position in shares of Weight Watchers during the fourth quarter worth $257,000. Investors Research Corp purchased a new position in shares of Weight Watchers during the fourth quarter worth $258,000. Finally, Ellington Management Group LLC purchased a new position in shares of Weight Watchers during the fourth quarter worth $292,000. 92.15% of the stock is owned by institutional investors and hedge funds.
NYSE:WTW opened at $70.52 on Friday. Weight Watchers has a 52 week low of $18.11 and a 52 week high of $77.19. The company has a debt-to-equity ratio of -1.71, a current ratio of 0.61 and a quick ratio of 0.52. The company has a market cap of $4,549.85, a P/E ratio of 42.62, a PEG ratio of 1.82 and a beta of 3.22.
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Weight Watchers Company Profile
Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
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