Analysts expect Weight Watchers International, Inc. (NYSE:WTW) to report $375.05 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Weight Watchers International’s earnings, with the lowest sales estimate coming in at $356.30 million and the highest estimate coming in at $393.80 million. Weight Watchers International 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 firm is expected to report its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Weight Watchers International will report full year sales of $375.05 million for the current fiscal year. For the next year, analysts expect that the business will post sales of $1.58 billion per share, with estimates ranging from $1.42 billion to $1.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Weight Watchers International.
Weight Watchers International (NYSE:WTW) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. The company had revenue of $312.50 million for the quarter, compared to the consensus estimate of $309.35 million. Weight Watchers International had a negative return on equity of 10.38% and a net margin of 12.52%.
Several brokerages recently commented on WTW. B. Riley set a $98.00 price objective on Weight Watchers International and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Zacks Investment Research raised Weight Watchers International from a “hold” rating to a “strong-buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, March 6th. Craig Hallum raised their price objective on Weight Watchers International from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Sidoti raised Weight Watchers International from a “neutral” rating to a “buy” rating in a research note on Monday, March 5th. Finally, ValuEngine raised Weight Watchers International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.00.
Weight Watchers International (NYSE WTW) traded up $1.67 during mid-day trading on Friday, hitting $67.98. The stock had a trading volume of 1,014,406 shares, compared to its average volume of 2,098,936. The company has a debt-to-equity ratio of -1.71, a quick ratio of 0.52 and a current ratio of 0.61. The firm has a market cap of $4,334.39, a P/E ratio of 28.46, a P/E/G ratio of 1.73 and a beta of 3.17. Weight Watchers International has a one year low of $14.12 and a one year high of $77.19.
In other news, Director Denis F. Kelly purchased 2,200 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were purchased at an average price of $62.43 per share, with a total value of $137,346.00. Following the purchase, the director now directly owns 41,852 shares of the company’s stock, valued at approximately $2,612,820.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Oprah Winfrey sold 2,359,702 shares of Weight Watchers International stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $60.48, for a total value of $142,714,776.96. Following the completion of the sale, the director now directly owns 6,009,283 shares in the company, valued at approximately $363,441,435.84. The disclosure for this sale can be found here. Company insiders own 15.75% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Weight Watchers International by 2.4% in the 4th quarter. BlackRock Inc. now owns 1,779,384 shares of the company’s stock valued at $78,790,000 after purchasing an additional 41,714 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Weight Watchers International by 28.8% in the 4th quarter. Macquarie Group Ltd. now owns 1,121,868 shares of the company’s stock valued at $49,676,000 after acquiring an additional 250,903 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Weight Watchers International by 605.2% in the 4th quarter. Renaissance Technologies LLC now owns 692,500 shares of the company’s stock valued at $30,664,000 after acquiring an additional 594,300 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Weight Watchers International by 122.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 580,953 shares of the company’s stock valued at $25,300,000 after acquiring an additional 320,227 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Weight Watchers International by 8.5% in the 2nd quarter. State Street Corp now owns 541,951 shares of the company’s stock valued at $18,112,000 after acquiring an additional 42,554 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.
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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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