NutriSystem (NTRI) Releases Earnings Results, Beats Expectations By $0.06 EPS

NutriSystem (NTRI) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.07. The company posted revenue of $162.10 million in the period, compared to analysts expectations of $152.13 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on NutriSystem. Company shares were Reiterated by Wunderlich on Feb 29, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $25 .

NutriSystem opened for trading at $22.13 and hit $22.7 on the upside on Monday, eventually ending the session at $22.6, with a gain of 2.63% or 0.58 points. The heightened volatility saw the trading volume jump to 3,27,257 shares. Company has a market cap of $665 M.

In a different news, on Apr 15, 2016, Michael J Hagan (director) purchased 388 shares at $24.13 per share price. According to the SEC, on Mar 11, 2016, Andrea Weiss (director) sold 5,500 shares at $20.00 per share price. On Nov 19, 2015, Dawn M. Zier (President and CEO) sold 55,009 shares at $22.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Nutrisystem Inc. (Nutrisystem) is a provider of weight management products and services including nutritionally balanced weight loss programs multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing a 28-day supply of breakfasts lunches dinners snacks and desserts which they supplement with fresh fruits vegetables and dairy. Its customers order on an auto-delivery basis (Auto-Delivery) where it sends a 28-day food supply on an ongoing basis until notified of a customer’s cancellation. It offers its pre-selected favorites food pack or personalized plans where customers can hand pick their entire menu or customize plans to their dietary preference. The company’s meal plans feature more than 150 menu options at different price points including frozen and ready-to-go entrees desserts snacks and shakes.


Leave a Reply

NutriSystem - Is it time to Sell?

Top Brokerage Firms are advising their investors on NutriSystem. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.