NutriSystem (NTRI) Releases Earnings Results, Beats Expectations By $0.03 EPS

NutriSystem (NTRI) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.51. The company posted revenue of $149.80 million in the period, compared to analysts expectations of $148.77 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Many Wall Street Analysts have commented on NutriSystem. Company shares were Reiterated by Wunderlich on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 31 from a previous price target of $28 .

NutriSystem opened for trading at $26.42 and hit $30.12 on the upside on Thursday, eventually ending the session at $29.76, with a gain of 14.20% or 3.7 points. The heightened volatility saw the trading volume jump to 9,22,303 shares. Company has a market cap of $874 M.

In a different news, on Jul 19, 2016, Keira Krausz (Chief Marketing Officer) sold 20,000 shares at $26.30 per share price. According to the SEC, on Jun 22, 2016, Dawn M. Zier (President and CEO) sold 24,842 shares at $24.80 per share price. On Jun 17, 2016, Paul J Guagliardo (director) sold 3,142 shares at $24.22 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.


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