Equities research analysts expect that GNC Holdings, Inc. (NYSE:GNC) will report earnings per share of $0.33 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for GNC Holdings’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.45. GNC Holdings reported earnings of $0.59 per share in the same quarter last year, which suggests a negative year over year growth rate of 44.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that GNC Holdings will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.56. For the next financial year, analysts expect that the company will post earnings of $1.35 per share, with EPS estimates ranging from $1.09 to $1.59. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover GNC Holdings.
GNC Holdings (NYSE:GNC) last issued its earnings results on Thursday, July 27th. The specialty retailer reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. GNC Holdings had a positive return on equity of 285.93% and a negative net margin of 14.56%. The business had revenue of $640.99 million during the quarter, compared to analysts’ expectations of $646.48 million. During the same quarter in the previous year, the business earned $0.79 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis.
Several research analysts have weighed in on GNC shares. Zacks Investment Research raised GNC Holdings from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Tuesday, June 20th. BidaskClub lowered GNC Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. ValuEngine lowered GNC Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Barclays PLC upped their target price on GNC Holdings from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Friday, July 28th. Finally, Bank of America Corporation dropped their target price on GNC Holdings from $6.25 to $5.50 and set an “underperform” rating on the stock in a research report on Tuesday, August 22nd. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $8.39.
In other news, CEO Kenneth Martindale sold 64,555 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $9.28, for a total transaction of $599,070.40. Following the transaction, the chief executive officer now owns 455,001 shares of the company’s stock, valued at approximately $4,222,409.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.85% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Investment Counsel Inc increased its holdings in shares of GNC Holdings by 2.7% during the 1st quarter. Capital Investment Counsel Inc now owns 33,675 shares of the specialty retailer’s stock valued at $248,000 after acquiring an additional 900 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of GNC Holdings by 0.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 153,115 shares of the specialty retailer’s stock valued at $1,127,000 after acquiring an additional 1,153 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of GNC Holdings by 1.1% during the 2nd quarter. Teachers Advisors LLC now owns 124,251 shares of the specialty retailer’s stock valued at $1,047,000 after acquiring an additional 1,315 shares during the last quarter. American International Group Inc. increased its holdings in shares of GNC Holdings by 3.3% during the 1st quarter. American International Group Inc. now owns 42,261 shares of the specialty retailer’s stock valued at $311,000 after acquiring an additional 1,362 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of GNC Holdings by 6.7% during the 2nd quarter. Comerica Bank now owns 22,443 shares of the specialty retailer’s stock valued at $201,000 after acquiring an additional 1,419 shares during the last quarter. 65.53% of the stock is currently owned by institutional investors and hedge funds.
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Shares of GNC Holdings (GNC) traded down 8.22% during mid-day trading on Friday, hitting $9.16. The stock had a trading volume of 3,668,853 shares. GNC Holdings has a one year low of $6.51 and a one year high of $22.32. The company has a 50-day moving average of $9.09 and a 200 day moving average of $8.07. The firm’s market cap is $627.17 million.
About GNC Holdings
GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company’s operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products.
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