Equities research analysts expect Weight Watchers International, Inc. (NYSE:WTW) to report $379.84 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Weight Watchers International’s earnings. The lowest sales estimate is $372.70 million and the highest is $388.51 million. Weight Watchers International reported sales of $323.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.3%. The firm is expected to issue its next earnings results on Monday, November 5th.
According to Zacks, analysts expect that Weight Watchers International will report full-year sales of $1.56 billion for the current fiscal year, with estimates ranging from $1.55 billion to $1.58 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.76 billion per share, with estimates ranging from $1.74 billion to $1.81 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Weight Watchers International.
Weight Watchers International (NYSE:WTW) last announced its quarterly earnings data on Monday, August 6th. The company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.13. The business had revenue of $409.70 million for the quarter, compared to analyst estimates of $409.49 million. Weight Watchers International had a net margin of 14.96% and a negative return on equity of 16.18%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share.
A number of analysts have recently commented on WTW shares. ValuEngine lowered shares of Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. DA Davidson began coverage on shares of Weight Watchers International in a research report on Tuesday, June 12th. They set a “buy” rating and a $143.00 price target on the stock. Bank of America began coverage on shares of Weight Watchers International in a research report on Tuesday, June 5th. They set a “buy” rating and a $95.00 price target on the stock. Craig Hallum upped their price target on shares of Weight Watchers International from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, June 18th. Finally, B. Riley upped their price target on shares of Weight Watchers International from $103.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $101.25.
Shares of WTW stock traded down $0.62 during trading on Thursday, reaching $72.25. The company’s stock had a trading volume of 1,590,100 shares, compared to its average volume of 1,773,359. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of -1.77. The firm has a market cap of $4.69 billion, a PE ratio of 43.74, a P/E/G ratio of 1.05 and a beta of 2.93. Weight Watchers International has a one year low of $40.93 and a one year high of $105.73.
In other Weight Watchers International news, insider Corinne Pollier-Bousquet sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $80.00, for a total transaction of $200,000.00. Following the sale, the insider now directly owns 29,456 shares of the company’s stock, valued at $2,356,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thilo Semmelbauer sold 10,358 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $77.72, for a total transaction of $805,023.76. Following the sale, the director now directly owns 27,803 shares in the company, valued at $2,160,849.16. The disclosure for this sale can be found here. Insiders have sold 6,195,223 shares of company stock worth $470,747,775 over the last ninety days. Insiders own 12.31% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC raised its position in shares of Weight Watchers International by 24.7% in the second quarter. FMR LLC now owns 8,732,146 shares of the company’s stock valued at $882,820,000 after purchasing an additional 1,729,188 shares during the period. BlackRock Inc. raised its position in shares of Weight Watchers International by 38.0% in the second quarter. BlackRock Inc. now owns 2,526,524 shares of the company’s stock valued at $255,432,000 after purchasing an additional 696,255 shares during the period. Gilder Gagnon Howe & Co. LLC raised its position in shares of Weight Watchers International by 61.2% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,820,283 shares of the company’s stock valued at $184,031,000 after purchasing an additional 691,418 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in shares of Weight Watchers International in the first quarter valued at about $82,450,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Weight Watchers International by 13.5% in the first quarter. Dimensional Fund Advisors LP now owns 975,637 shares of the company’s stock valued at $62,168,000 after purchasing an additional 116,065 shares during the period. 91.37% of the stock is currently owned by institutional investors.
Weight Watchers International Company Profile
Weight Watchers International, Inc provides weight management services worldwide. The company operates in four segments: North America, United Kingdom, Continental Europe, and Other. It offers a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
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