Weight Watchers International (WTW) was Initiated by Sidoti to “Buy” and the brokerage firm has set the Price Target at $25. Sidoti advised their investors in a research report released on May 24, 2016.
On the company’s financial health, Weight Watchers International reported $-0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.18. The company had revenue of $306.90 million for the quarter, compared to analysts expectations of $308.90 million. The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.09 EPS.
Weight Watchers International opened for trading at $12.96 and hit $13.29 on the upside on Friday, eventually ending the session at $13.28, with a gain of 2.15% or 0.28 points. The heightened volatility saw the trading volume jump to 10,92,842 shares. Company has a market cap of $848 M.
In a different news, on May 11, 2016, Denis F Kelly (director) purchased 10,000 shares at $12.21 per share price. According to the SEC, on Mar 3, 2016, Sacha Lainovic (director) purchased 83,125 shares at $12.03 per share price. On Mar 3, 2016, Philippe Amouyal (director) purchased 30,000 shares at $11.86 per share price, according to the Form-4 filing with the securities and exchange commission.
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 provides Services and Products including: Weight Management Plans Clinical Efficacy and Meetings. Weight Management Plans provides weight management program comprised of nutritional exercise and behavioral tools and approaches. Clinical Efficacy offers clinically-studied commercial weight management programs. Meetings present the Company’s program food plans exercise behavior modification and group support. The company operates through North America United Kingdom Continental Europe and Other segments.