MEDIFAST INC (NYSE:MED) declared a quarterly dividend on Thursday, September 7th, RTT News reports. Investors of record on Friday, September 22nd will be paid a dividend of 0.32 per share by the specialty retailer on Thursday, November 9th. This represents a $1.28 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, September 21st.
MEDIFAST INC has a dividend payout ratio of 60.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect MEDIFAST INC to earn $2.50 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 51.2%.
MEDIFAST INC (MED) opened at 54.83 on Friday. The company has a 50-day moving average of $51.35 and a 200 day moving average of $45.24. The company has a market cap of $654.12 million, a PE ratio of 27.55 and a beta of 0.43. MEDIFAST INC has a 12 month low of $36.41 and a 12 month high of $56.70.
MEDIFAST INC (NYSE:MED) last posted its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.63 EPS for the quarter, topping the consensus estimate of $0.53 by $0.10. The business had revenue of $75.70 million for the quarter, compared to analyst estimates of $71.96 million. MEDIFAST INC had a net margin of 8.62% and a return on equity of 24.25%. MEDIFAST INC’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, equities analysts forecast that MEDIFAST INC will post $2.12 earnings per share for the current fiscal year.
A number of analysts have commented on MED shares. DA Davidson started coverage on shares of MEDIFAST INC in a report on Wednesday, August 16th. They set a “buy” rating for the company. BidaskClub raised shares of MEDIFAST INC from a “sell” rating to a “hold” rating in a report on Saturday, August 19th.
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MEDIFAST INC Company Profile
Medifast, Inc is engaged in the production, distribution and sale of weight loss, weight management and healthy living products, and other consumable health and nutritional products. Medifast product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products and vitamins.
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