Weight Watchers Profit Jumps As It Adds New Members

Diet season is looking very good for Nutrisystem Inc. and Weight Watchers International Inc.

Weight Watchers International Inc.'s profit more than doubled in 2016 as the weight-loss company expanded its member rolls for the first time in four years. (NYSE:WTW) opened at 12.11 on Monday. They now have a Dollars 14 price target on the stock. The research firm Downgrade the stock to Underweight. Zacks Investment Research upgraded Weight Watchers International from a "sell" rating to a "hold" rating in a research report on Wednesday, September 14th. (NYSE:WTW) traded up 9.93% during midday trading on Tuesday, hitting $14.39. Morgan Stanley downgraded Weight Watchers International from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $12.00 to $8.00 in a research note on Friday, December 16th. They now have a Dollars 20 price target on the stock. According to 3 analysts, Price Target for Weight Watchers International, Inc. (NYSE:WTW) where 1 analyst have rated the stock as Strong Buy, 1 analysts said it's a Buy, 1 rated the stock as Hold, 1 analysts reported Underperform and 0 analysts gave their recommendations as Sell. Beta value of the stock is marked at 2.92. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. The Company's branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications. Earnings per share for the recently concluded quarter is expected to come in at $0.18 a share with $274.2M in revenue. (WTW) generated $0.53 in earnings per share, beating the consensus estimate of $0.45. (NYSE:WTW) has 64.88 Million shares outstanding and 27.39 Million shares were floated in market. The stock touched its high share price of $16.13 on April 14, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Sep 14, 2016 as $9.37.

So far this year, Chief Financial Officer Nick Hotchkin said, the company's advertising bets appear to be paying off in attracting new members. The stock had a trading volume of 5,742,618 shares. The share price has moved backward from its 20 days moving average, trading at a distance of -1.06% and stays 5.43% away from its 50 days moving average. Presently, it has a Return on Equity (ROE) of -3.40% and Return on Investment (ROI) of 17.00%. Weight Watchers International, Inc. has a 12 month low of $9.37 and a 12 month high of $16.13.

The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. The stock Jumped 21.2 percent over the past six months.

  • Zachary Reyes