SunTrust Banks set a $27.00 price objective on Weight Watchers International (NASDAQ:WW) in a research note released on Wednesday, August 7th, TipRanks reports. The firm currently has a hold rating on the stock. SunTrust Banks also issued estimates for Weight Watchers International’s Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.35 EPS, FY2019 earnings at $1.72 EPS, Q1 2020 earnings at ($0.02) EPS, Q2 2020 earnings at $0.76 EPS, Q3 2020 earnings at $0.73 EPS, Q4 2020 earnings at $0.41 EPS, FY2020 earnings at $1.90 EPS and FY2021 earnings at $2.05 EPS.
Several other brokerages have also recently weighed in on WW. B. Riley upgraded Weight Watchers International from a neutral rating to a buy rating and raised their price objective for the company from $23.50 to $40.00 in a report on Wednesday, August 7th. DA Davidson upgraded Weight Watchers International from a neutral rating to a buy rating and lifted their price target for the stock from $24.50 to $32.00 in a report on Friday, July 19th. KeyCorp restated a hold rating on shares of Weight Watchers International in a report on Wednesday, August 7th. ValuEngine upgraded Weight Watchers International from a sell rating to a hold rating in a report on Thursday, August 8th. Finally, Bank of America upgraded Weight Watchers International from an underperform rating to a buy rating and set a $27.00 price objective for the company in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Weight Watchers International presently has an average rating of Hold and a consensus target price of $28.57.
Weight Watchers International stock opened at $29.11 on Wednesday. The firm has a 50 day moving average price of $23.51. The firm has a market cap of $2.04 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.19 and a beta of 2.38. Weight Watchers International has a 12 month low of $16.71 and a 12 month high of $80.30.
Weight Watchers International (NASDAQ:WW) last issued its earnings results on Tuesday, August 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.13. The business had revenue of $369.02 million during the quarter, compared to analysts’ expectations of $376.11 million. Weight Watchers International had a negative return on equity of 19.39% and a net margin of 10.99%. The firm’s revenue was down 9.9% on a year-over-year basis. On average, equities analysts expect that Weight Watchers International will post 1.7 earnings per share for the current year.
In other news, General Counsel Michael F. Colosi sold 16,993 shares of Weight Watchers International stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $17.03, for a total value of $289,390.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.03% 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, Continental Europe, United Kingdom, and Other. It provides a range of products and services comprising nutritional, activity, behavioral, and lifestyle tools and approaches.
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