$0.06 EPS Expected for Weight Watchers (WTW) This Quarter

Analysts expect Weight Watchers (NYSE:WTW) to report $0.06 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Weight Watchers’ earnings. Weight Watchers posted earnings per share of ($0.01) during the same quarter last year, which indicates a positive year-over-year growth rate of 700%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, May 3rd.

On average, analysts expect that Weight Watchers will report full year earnings of $2.58 per share for the current financial year. For the next financial year, analysts expect that the business will post earnings of $3.26 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Weight Watchers.

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Weight Watchers (NYSE:WTW) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Weight Watchers had a negative return on equity of 10.38% and a net margin of 12.52%. The firm had revenue of $312.50 million for the quarter, compared to analysts’ expectations of $309.35 million.

WTW has been the topic of a number of analyst reports. B. Riley set a $98.00 price target on Weight Watchers and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Zacks Investment Research raised Weight Watchers from a “hold” rating to a “strong-buy” rating and set a $72.00 price target on the stock in a research report on Tuesday, March 6th. ValuEngine cut Weight Watchers from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Craig Hallum boosted their price target on Weight Watchers from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Sidoti raised Weight Watchers from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $72.00.

In related news, Director Oprah Winfrey sold 262,860 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $62.92, for a total value of $16,539,151.20. Following the completion of the transaction, the director now directly owns 6,009,283 shares in the company, valued at approximately $378,104,086.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Denis F. Kelly acquired 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was purchased at an average price of $62.43 per share, with a total value of $137,346.00. Following the completion of the acquisition, the director now owns 41,852 shares in the company, valued at $2,612,820.36. The disclosure for this purchase can be found here. 12.31% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in Weight Watchers by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 230,834 shares of the company’s stock worth $10,221,000 after acquiring an additional 860 shares during the last quarter. Hanseatic Management Services Inc. raised its holdings in Weight Watchers by 17.2% in the 4th quarter. Hanseatic Management Services Inc. now owns 7,050 shares of the company’s stock worth $312,000 after acquiring an additional 1,037 shares during the last quarter. American International Group Inc. raised its holdings in Weight Watchers by 8.1% in the 3rd quarter. American International Group Inc. now owns 18,772 shares of the company’s stock worth $818,000 after acquiring an additional 1,404 shares during the last quarter. Swiss National Bank raised its holdings in Weight Watchers by 3.4% in the 4th quarter. Swiss National Bank now owns 48,700 shares of the company’s stock worth $2,156,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in Weight Watchers by 11.4% in the 4th quarter. Verition Fund Management LLC now owns 16,222 shares of the company’s stock worth $718,000 after acquiring an additional 1,663 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

Shares of WTW opened at $70.52 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of -1.71. Weight Watchers has a 52 week low of $18.11 and a 52 week high of $77.19. The company has a market capitalization of $4,549.85, a PE ratio of 42.62, a P/E/G ratio of 1.82 and a beta of 3.22.

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About Weight Watchers

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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