WW International (NASDAQ:WW) Updates FY 2022 Earnings Guidance

WW International (NASDAQ:WWGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.92-$1.02 for the period, compared to the consensus estimate of $1.10. The company issued revenue guidance of $1.09 billion-$1.14 billion, compared to the consensus revenue estimate of $1.12 billion.

WW has been the topic of several analyst reports. KeyCorp downgraded WW International from a sector weight rating to an underweight rating and set a $10.00 price target on the stock. in a research report on Thursday, January 20th. Truist Financial dropped their price target on shares of WW International from $22.00 to $12.00 in a research report on Wednesday, March 2nd. Citigroup reissued a positive rating on shares of WW International in a research note on Thursday, January 20th. Craig Hallum lowered their price objective on WW International from $18.00 to $12.00 in a report on Wednesday, March 2nd. Finally, Zacks Investment Research raised WW International from a strong sell rating to a hold rating in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, WW International currently has a consensus rating of Hold and a consensus target price of $19.25.

WW traded down $0.27 during trading on Monday, reaching $7.89. The company’s stock had a trading volume of 35,567 shares, compared to its average volume of 1,389,048. WW International has a 1 year low of $7.38 and a 1 year high of $41.13. The company has a market cap of $554.91 million, a price-to-earnings ratio of 7.63 and a beta of 1.58. The firm has a fifty day simple moving average of $10.00 and a two-hundred day simple moving average of $13.30.

WW International (NASDAQ:WWGet Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.16. WW International had a negative return on equity of 21.21% and a net margin of 6.52%. The company had revenue of $297.76 million for the quarter, compared to analyst estimates of $298.60 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. On average, equities analysts expect that WW International will post 0.97 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Trust N.A. raised its holdings in WW International by 15.2% in the 1st quarter. Raymond James Trust N.A. now owns 15,118 shares of the company’s stock valued at $155,000 after buying an additional 2,000 shares during the period. MetLife Investment Management LLC increased its position in shares of WW International by 49.1% during the first quarter. MetLife Investment Management LLC now owns 28,205 shares of the company’s stock valued at $289,000 after acquiring an additional 9,291 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of WW International by 2.2% in the 4th quarter. California State Teachers Retirement System now owns 72,708 shares of the company’s stock valued at $1,173,000 after acquiring an additional 1,596 shares during the period. Rhumbline Advisers lifted its holdings in shares of WW International by 3.1% in the 1st quarter. Rhumbline Advisers now owns 148,265 shares of the company’s stock worth $1,517,000 after acquiring an additional 4,435 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in WW International by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 548,466 shares of the company’s stock valued at $10,010,000 after acquiring an additional 13,335 shares during the period. Institutional investors and hedge funds own 92.96% of the company’s stock.

WW International Company Profile (Get Rating)

WW International, Inc provides weight management products and services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other. It offers a range of nutritional, activity, behavioral, and lifestyle tools and approaches products and services. The company also provides various digital subscription products to wellness and weight management business, which provide interactive and personalized resources that allow users to follow its weight management program through its app and Web-based products, including personal coaching and digital products; and allows members to inspire and support each other by sharing their experiences with other people on weight management and wellness journeys.

Featured Articles

Earnings History and Estimates for WW International (NASDAQ:WW)

Receive News & Ratings for WW International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WW International and related companies with MarketBeat.com's FREE daily email newsletter.