$379.67 Million in Sales Expected for Weight Watchers International, Inc. (WTW) This Quarter

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Brokerages expect that Weight Watchers International, Inc. (NYSE:WTW) will report $379.67 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Weight Watchers International’s earnings. The lowest sales estimate is $372.70 million and the highest is $388.51 million. Weight Watchers International reported sales of $323.70 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.3%. The firm is expected to announce its next quarterly earnings report on Monday, November 5th.

On average, analysts expect that Weight Watchers International will report full year sales of $1.56 billion for the current year, with estimates ranging from $1.55 billion to $1.58 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.76 billion, with estimates ranging from $1.73 billion to $1.81 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Weight Watchers International.

Weight Watchers International (NYSE:WTW) last posted its earnings results on Monday, August 6th. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.13. The firm had revenue of $409.70 million for the quarter, compared to the consensus estimate of $409.49 million. Weight Watchers International had a net margin of 14.96% and a negative return on equity of 16.18%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research downgraded Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Saturday, July 7th. UBS Group lowered their price target on Weight Watchers International from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 7th. Morgan Stanley assumed coverage on Weight Watchers International in a research report on Thursday, September 13th. They issued an “equal weight” rating and a $76.00 price target on the stock. JPMorgan Chase & Co. set a $120.00 price target on Weight Watchers International and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Finally, Goldman Sachs Group assumed coverage on Weight Watchers International in a research report on Tuesday, September 4th. They issued a “neutral” rating and a $73.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $101.25.

Weight Watchers International stock traded up $3.85 during mid-day trading on Wednesday, hitting $66.86. 2,184,048 shares of the company’s stock were exchanged, compared to its average volume of 1,810,600. The company has a debt-to-equity ratio of -1.77, a current ratio of 0.77 and a quick ratio of 0.72. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 1.07 and a beta of 2.96. Weight Watchers International has a 1-year low of $41.15 and a 1-year high of $105.73.

In related news, insider Corinne Pollier-Bousquet sold 2,500 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $80.00, for a total value of $200,000.00. Following the completion of the sale, the insider now owns 29,456 shares in the company, valued at $2,356,480. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Nicholas P. Hotchkin sold 131,466 shares of the stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $75.66, for a total transaction of $9,946,717.56. Following the completion of the sale, the chief financial officer now owns 99,311 shares of the company’s stock, valued at approximately $7,513,870.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,195,223 shares of company stock valued at $470,747,775. 12.31% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTW. Cerebellum GP LLC bought a new position in Weight Watchers International during the third quarter worth about $137,000. Envestnet Asset Management Inc. acquired a new stake in shares of Weight Watchers International during the first quarter worth approximately $155,000. Bank of Montreal Can acquired a new stake in shares of Weight Watchers International during the second quarter worth approximately $174,000. Evanston Investments Inc. dba Evanston Advisors acquired a new stake in shares of Weight Watchers International during the second quarter worth approximately $202,000. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Weight Watchers International during the third quarter worth approximately $202,000. Institutional investors and hedge funds own 91.34% of the company’s stock.

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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