Medifast (NYSE:MED) Earns Media Impact Score of 0.19

Media coverage about Medifast (NYSE:MED) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Medifast earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the specialty retailer an impact score of 47.2700319564127 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

MED has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Medifast from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Friday, November 10th. DA Davidson began coverage on shares of Medifast in a research note on Wednesday, August 16th. They set a “buy” rating on the stock. BidaskClub upgraded shares of Medifast from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. ValuEngine downgraded Medifast from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Sidoti reissued a “neutral” rating and set a $55.00 price objective (up from $49.00) on shares of Medifast in a research report on Thursday, September 21st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Medifast currently has an average rating of “Hold” and an average price target of $69.33.

Medifast (NYSE MED) opened at $66.61 on Monday. The stock has a market capitalization of $794.90, a P/E ratio of 32.81, a P/E/G ratio of 2.05 and a beta of 0.51. Medifast has a fifty-two week low of $38.53 and a fifty-two week high of $71.73.

Medifast (NYSE:MED) last released its quarterly earnings results on Tuesday, November 7th. The specialty retailer reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The business had revenue of $77.20 million during the quarter, compared to analysts’ expectations of $74.94 million. Medifast had a return on equity of 24.07% and a net margin of 8.58%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. research analysts predict that Medifast will post 2.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, September 22nd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Thursday, September 21st. Medifast’s dividend payout ratio is currently 62.75%.

In related news, Director Glenn W. Welling sold 250,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $65.00, for a total transaction of $16,250,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 406,500 shares of company stock valued at $16,278,170. Company insiders own 6.47% of the company’s stock.

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Medifast Company Profile

Medifast, Inc produces, distributes and sells weight loss, weight management, and healthy living products, and other consumable health and nutritional products. The Company’s product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products, and vitamins.

Insider Buying and Selling by Quarter for Medifast (NYSE:MED)

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