Weight Watchers International, Inc. (NYSE:WTW) – Analysts at B. Riley lifted their FY2018 earnings estimates for shares of Weight Watchers International in a research report issued on Friday, November 2nd. B. Riley analyst K. Anderson now expects that the company will post earnings of $3.17 per share for the year, up from their prior forecast of $2.94. B. Riley has a “Buy” rating and a $113.00 price objective on the stock. B. Riley also issued estimates for Weight Watchers International’s Q4 2018 earnings at $0.60 EPS, Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $1.22 EPS, Q3 2019 earnings at $1.13 EPS, Q4 2019 earnings at $0.76 EPS and FY2019 earnings at $3.56 EPS.
Several other research analysts also recently weighed in on WTW. Zacks Investment Research upgraded Weight Watchers International from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley set a $69.00 price target on Weight Watchers International and gave the stock a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. dropped their price target on Weight Watchers International from $120.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday. KeyCorp dropped their price target on Weight Watchers International from $115.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday. Finally, ValuEngine downgraded Weight Watchers International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 8th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $93.58.
Weight Watchers International (NYSE:WTW) last posted its quarterly earnings results on Thursday, November 1st. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.01. The business had revenue of $365.80 million during the quarter, compared to the consensus estimate of $377.95 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. USA Financial Portformulas Corp lifted its position in Weight Watchers International by 35.9% in the third quarter. USA Financial Portformulas Corp now owns 6,161 shares of the company’s stock worth $623,000 after buying an additional 1,629 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Weight Watchers International by 25.6% in the second quarter. Teacher Retirement System of Texas now owns 8,069 shares of the company’s stock worth $816,000 after buying an additional 1,644 shares during the last quarter. Bank of Montreal Can bought a new stake in Weight Watchers International in the second quarter worth $174,000. Brighton Jones LLC lifted its position in Weight Watchers International by 17.8% in the second quarter. Brighton Jones LLC now owns 11,931 shares of the company’s stock worth $1,206,000 after buying an additional 1,804 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in Weight Watchers International in the third quarter worth $135,000. Institutional investors own 91.34% of the company’s stock.
In related news, insider Corinne Pollier-Bousquet sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was 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 directly owns 29,456 shares in the company, valued at $2,356,480. The sale 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 firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $75.66, for a total value 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 $7,513,870.26. The disclosure for this sale can be found here. Insiders have sold a total of 6,195,223 shares of company stock valued at $470,747,775 over the last quarter. Corporate insiders own 12.31% 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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