Oppenheimer Comments on Weight Watchers International, Inc.’s FY2018 Earnings (WTW)

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Weight Watchers International, Inc. (NYSE:WTW) – Oppenheimer decreased their FY2018 earnings per share (EPS) estimates for shares of Weight Watchers International in a research note issued to investors on Friday, February 15th. Oppenheimer analyst B. Nagel now forecasts that the company will post earnings per share of $2.82 for the year, down from their previous forecast of $2.90. Oppenheimer currently has a “Outperform” rating and a $40.00 target price on the stock. Oppenheimer also issued estimates for Weight Watchers International’s Q4 2018 earnings at $0.56 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $1.12 EPS and Q3 2019 earnings at $1.06 EPS.

WTW has been the subject of several other research reports. Zacks Investment Research cut Weight Watchers International from a “hold” rating to a “sell” rating in a report on Saturday. JPMorgan Chase & Co. decreased their price objective on Weight Watchers International from $120.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, November 2nd. KeyCorp decreased their price objective on Weight Watchers International from $115.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 2nd. Sidoti decreased their price objective on Weight Watchers International from $122.00 to $99.00 and set a “buy” rating for the company in a report on Monday, February 11th. Finally, Morgan Stanley set a $69.00 price objective on Weight Watchers International and gave the company a “hold” rating in a report on Saturday, November 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $81.69.

WTW stock opened at $30.28 on Monday. Weight Watchers International has a 1 year low of $27.97 and a 1 year high of $105.73.

A number of large investors have recently modified their holdings of the stock. Amalgamated Bank lifted its stake in Weight Watchers International by 114.1% in the 4th quarter. Amalgamated Bank now owns 6,032 shares of the company’s stock valued at $233,000 after purchasing an additional 3,215 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Weight Watchers International by 5,715.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 127,187 shares of the company’s stock valued at $4,903,000 after purchasing an additional 125,000 shares during the last quarter. Legal & General Group Plc lifted its stake in Weight Watchers International by 9.4% in the 4th quarter. Legal & General Group Plc now owns 42,209 shares of the company’s stock valued at $1,627,000 after purchasing an additional 3,632 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Weight Watchers International by 9.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 9,813 shares of the company’s stock valued at $378,000 after purchasing an additional 861 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Weight Watchers International in the 4th quarter valued at about $5,140,000. Institutional investors and hedge funds own 91.34% of the company’s stock.

In other news, insider Corinne Pollier-Bousquet sold 2,019 shares of the firm’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $51.26, for a total value of $103,493.94. Following the completion of the transaction, the insider now owns 26,183 shares in the company, valued at approximately $1,342,140.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.31% of the stock is owned by company insiders.

About Weight Watchers International

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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Earnings History and Estimates for Weight Watchers International (NYSE:WTW)

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