GNC (GNC) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS
GNC (NYSE:GNC) announced its earnings results on Friday. The specialty retailer reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02), Briefing.com reports. GNC had a negative return on equity of 57.85% and a negative net margin of 7.06%. The business had revenue of $580.00 million for the quarter, compared to analysts’ expectations of $580.45 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year.
GNC stock traded down $0.07 during trading hours on Friday, hitting $4.22. 2,635,244 shares of the stock traded hands, compared to its average volume of 2,168,274. The company has a market cap of $365.76 million, a PE ratio of 3.13 and a beta of 0.54. GNC has a 1 year low of $2.71 and a 1 year high of $6.93.
Several research analysts recently weighed in on GNC shares. Zacks Investment Research upgraded GNC from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Monday, October 15th. Buckingham Research started coverage on GNC in a research note on Monday, October 29th. They set a “buy” rating and a $6.00 target price on the stock. Finally, Barclays restated a “sell” rating and set a $3.00 target price on shares of GNC in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $4.50.
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GNC Company Profile
GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. It operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink, and other general merchandise.
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