The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.10.
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Before the Oprah partnership was announced, the company’s shares were down almost 70 percent since the start of the year.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Weight Watchers worldwide Inc, Kelly Denis F, had purchased 10,000 shares in a transaction dated on August 11, 2015. This represents a -8.33% change for the EPS reported for the same quarter in the prior year. This equates to the consensus earnings growth estimate for the last 12 months, and should not be mistaken for a long term growth estimate. Finally, Zacks lowered shares of Weight Watchers worldwide from a buy rating to a hold rating in a research note on Tuesday, October 6th. The shares have been rated as hold from 3 Wall Street Analysts.
Weight Watchers worldwide Inc. raised its 2016 guidance and posted better-than-expected results for the third quarter despite continued declines in subscribers. Considering this earnings report, the future looks bright. On average, equities research analysts predict that Weight Watchers worldwide, Inc. will post $0.67 earnings per share for the current fiscal year.
Historically, Weight Watchers worldwide Indiana has been trading with a 52 week low of 3.67 and a 52 week of high 29.70. The firm’s 50 day moving average is $10.32 and its 200-day moving average is $6.91.
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All eyes will be on Walt Disney Co (NYSE:DIS) when the firm issues their quarterly earnings report, which is expected to go out later this afternoon. Earnings per share were 1.14. Among the 1 analysts who were surveyed, the consensus expectation for quarterly sales had been 318.4. (NYSE:WTW) traded up 2.61% during midday trading on Thursday, reaching $16.93. At 12:40 p.m. Friday, the stock was up about 35% from the previous close. The stock closed at $60.03 on when approximately 569,896.00 shares were traded, against the average daily trading volume of 555,293.00. From what we’ve seen so far, the Oprah effect has undoubtedly tipped the scales in favor of Weight Watchers. (WWI) is a global-branded consumer company and a provider of weight management services, operating globally through a network of Company-owned and franchise operations.
