Analysts forecast that NutriSystem Inc. (NASDAQ:NTRI) will report $128.74 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for NutriSystem’s earnings. The highest sales estimate is $131.10 million and the lowest is $127.30 million. NutriSystem posted sales of $108.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.2%. The firm is scheduled to issue its next earnings report on Monday, February 26th.

According to Zacks, analysts expect that NutriSystem will report full-year sales of $128.74 million for the current fiscal year, with estimates ranging from $688.00 million to $696.80 million. For the next financial year, analysts expect that the company will post sales of $796.34 million per share, with estimates ranging from $792.20 million to $803.50 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow NutriSystem.

NutriSystem (NASDAQ:NTRI) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. The firm had revenue of $158.10 million during the quarter, compared to analysts’ expectations of $155.21 million. During the same period in the previous year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on NTRI shares. Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Saturday, October 28th. Lake Street Capital set a $73.00 target price on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. B. Riley set a $74.00 target price on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, DA Davidson reissued a “buy” rating and issued a $80.00 target price on shares of NutriSystem in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $67.56.

In other news, insider Dawn M. Zier sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $49.94, for a total value of $549,340.00. Following the completion of the transaction, the insider now owns 210,666 shares of the company’s stock, valued at $10,520,660.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keira Krausz sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $51.20, for a total value of $512,000.00. Following the completion of the transaction, the insider now directly owns 74,519 shares of the company’s stock, valued at approximately $3,815,372.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,134 shares of company stock valued at $1,913,045. Insiders own 2.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of NutriSystem by 50.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock worth $127,974,000 after buying an additional 823,221 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of NutriSystem by 3.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,012,891 shares of the company’s stock worth $113,929,000 after purchasing an additional 75,425 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of NutriSystem by 73.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock worth $67,794,000 after purchasing an additional 552,420 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of NutriSystem by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,122,395 shares of the company’s stock worth $62,741,000 after purchasing an additional 16,610 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of NutriSystem by 10.6% in the 2nd quarter. State Street Corp now owns 846,058 shares of the company’s stock worth $44,035,000 after purchasing an additional 81,175 shares in the last quarter. 92.48% of the stock is owned by institutional investors and hedge funds.

NutriSystem (NTRI) traded up $0.25 during mid-day trading on Tuesday, reaching $54.35. 273,300 shares of the company’s stock were exchanged, compared to its average volume of 486,483. NutriSystem has a 1 year low of $31.60 and a 1 year high of $67.95. The company has a market capitalization of $1,632.64, a PE ratio of 29.70, a price-to-earnings-growth ratio of 1.52 and a beta of 1.01.

NutriSystem declared that its Board of Directors has approved a stock buyback program on Wednesday, October 25th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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About NutriSystem

Nutrisystem, Inc 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 four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy.

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Earnings History and Estimates for NutriSystem (NASDAQ:NTRI)

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