$348.77 Million in Sales Expected for Weight Watchers International, Inc. (WTW) This Quarter

Wall Street brokerages expect Weight Watchers International, Inc. (NYSE:WTW) to report sales of $348.77 million for the current quarter, according to Zacks. Six analysts have issued estimates for Weight Watchers International’s earnings, with the highest sales estimate coming in at $350.40 million and the lowest estimate coming in at $346.14 million. Weight Watchers International reported sales of $312.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.6%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 26th.

On average, analysts expect that Weight Watchers International will report full year sales of $1.53 billion for the current financial year. For the next fiscal year, analysts forecast that the company will post sales of $1.72 billion, with estimates ranging from $1.64 billion to $1.81 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Weight Watchers International.

Weight Watchers International (NYSE:WTW) last announced its earnings results on Thursday, November 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.01. The firm had revenue of $365.80 million during the quarter, compared to analyst estimates of $377.95 million. During the same period in the prior year, the business posted $0.65 EPS. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year.

WTW has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Weight Watchers International to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, August 7th. UBS Group dropped their target price 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. Bank of America lowered their price target on Weight Watchers International from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. Oppenheimer began coverage on Weight Watchers International in a research report on Wednesday, August 29th. They set an “outperform” rating and a $98.00 price target on the stock. Finally, Zacks Investment Research lowered Weight Watchers International from a “strong-buy” rating to a “hold” rating in a research report on Saturday, October 13th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $93.58.

In other Weight Watchers International news, insider Mindy F. Grossman bought 7,000 shares of Weight Watchers International stock in a transaction dated Tuesday, November 6th. The stock was bought at an average cost of $50.10 per share, for a total transaction of $350,700.00. Following the purchase, the insider now owns 48,533 shares of the company’s stock, valued at approximately $2,431,503.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Denis F. Kelly bought 4,000 shares of Weight Watchers International stock in a transaction dated Wednesday, August 15th. The shares were acquired at an average price of $71.59 per share, with a total value of $286,360.00. Following the completion of the purchase, the director now directly owns 42,334 shares in the company, valued at approximately $3,030,691.06. The disclosure for this purchase can be found here. Insiders have sold a total of 6,182,365 shares of company stock worth $469,742,751 in the last ninety days. Insiders own 12.31% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ontario Teachers Pension Plan Board bought a new position in shares of Weight Watchers International during the 3rd quarter worth approximately $285,000. CIBC World Markets Inc. bought a new position in shares of Weight Watchers International during the 3rd quarter worth approximately $1,926,000. Globeflex Capital L P bought a new position in shares of Weight Watchers International during the 3rd quarter worth approximately $1,090,000. American International Group Inc. boosted its stake in shares of Weight Watchers International by 311.9% during the 3rd quarter. American International Group Inc. now owns 103,424 shares of the company’s stock worth $7,445,000 after acquiring an additional 78,312 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Weight Watchers International by 71.0% during the 3rd quarter. BlackRock Inc. now owns 4,320,081 shares of the company’s stock worth $311,004,000 after acquiring an additional 1,793,557 shares during the period. Institutional investors own 91.34% of the company’s stock.

Weight Watchers International stock traded down $3.50 during midday trading on Friday, reaching $50.33. The stock had a trading volume of 1,765,486 shares, compared to its average volume of 1,865,721. Weight Watchers International has a 1-year low of $41.15 and a 1-year high of $105.73.

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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