Weight Watchers International Inc (NYSE:WTW) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $1.57-1.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.34.
Weight Watchers International Inc (NYSE:WTW) traded up 25.12% during trading on Friday, hitting $41.39. 9,974,339 shares of the company traded hands. Weight Watchers International Inc has a 52 week low of $9.37 and a 52 week high of $42.20. The stock has a market capitalization of $2.66 billion, a PE ratio of 30.89 and a beta of 3.06. The company’s 50 day moving average is $33.94 and its 200-day moving average is $22.06.
Weight Watchers International (NYSE:WTW) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.17. Weight Watchers International had a net margin of 8.52% and a negative return on equity of 7.60%. The company had revenue of $341.70 million for the quarter, compared to analysts’ expectations of $329.55 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. Weight Watchers International’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts predict that Weight Watchers International Inc will post $1.29 earnings per share for the current year.
A number of research firms have weighed in on WTW. Morgan Stanley boosted their price objective on shares of Weight Watchers International from $13.00 to $18.00 and gave the company an underweight rating in a research report on Monday, May 8th. Sidoti cut shares of Weight Watchers International from a buy rating to a neutral rating in a research report on Tuesday, May 30th. BidaskClub cut shares of Weight Watchers International from a strong-buy rating to a buy rating in a research report on Friday. Zacks Investment Research upgraded shares of Weight Watchers International from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research report on Friday, May 5th. Finally, ValuEngine upgraded shares of Weight Watchers International from a hold rating to a buy rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Weight Watchers International has a consensus rating of Hold and an average price target of $20.44.
In other news, insider Corinne Pollier-Bousquet sold 6,600 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $25.75, for a total transaction of $169,950.00. Following the completion of the sale, the insider now directly owns 12,795 shares of the company’s stock, valued at $329,471.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.75% of the stock is currently owned by insiders.
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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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