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

WW International (NASDAQ:WW – Get Rating) updated its FY 2022 earnings guidance on Monday. 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.

Several research analysts recently weighed in on the company. TheStreet lowered WW International from a c- rating to a d+ rating in a research report on Wednesday, March 16th. Truist Financial cut their price objective on WW International from $22.00 to $12.00 in a research report on Wednesday, March 2nd. Morgan Stanley cut their price objective on WW International from $23.00 to $15.00 in a research report on Monday, February 7th. Craig Hallum cut their price objective on WW International from $18.00 to $12.00 in a research report on Wednesday, March 2nd. Finally, Zacks Investment Research raised WW International from a strong sell rating to a hold rating in a research report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $19.25.

Shares of WW International stock traded down $0.04 during trading hours on Monday, hitting $6.55. 38,962 shares of the company’s stock traded hands, compared to its average volume of 1,412,625. The stock has a 50 day simple moving average of $9.71 and a 200-day simple moving average of $12.92. The company has a market cap of $460.67 million, a PE ratio of 6.16 and a beta of 1.58. WW International has a twelve month low of $6.31 and a twelve month high of $41.13.

WW International (NASDAQ:WW – Get Rating) last announced its earnings results on Thursday, May 5th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.16. The company had revenue of $297.76 million during the quarter, compared to the consensus estimate of $298.60 million. WW International had a negative return on equity of 21.21% and a net margin of 6.52%. The company’s revenue was down 10.3% on a year-over-year basis. During the same period last year, the firm earned ($0.20) earnings per share. As a group, sell-side analysts anticipate that WW International will post 0.97 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Raymond James Trust N.A. grew its stake in WW International by 15.2% in the first quarter. Raymond James Trust N.A. now owns 15,118 shares of the company’s stock worth $155,000 after purchasing an additional 2,000 shares in the last quarter. Quantbot Technologies LP acquired a new position in WW International in the first quarter worth about $267,000. MetLife Investment Management LLC grew its stake in WW International by 49.1% in the first quarter. MetLife Investment Management LLC now owns 28,205 shares of the company’s stock worth $289,000 after purchasing an additional 9,291 shares in the last quarter. California State Teachers Retirement System boosted its stake in WW International by 2.2% in the fourth 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. Finally, Rhumbline Advisers boosted its stake in WW International by 3.1% in the first quarter. Rhumbline Advisers now owns 148,265 shares of the company’s stock valued at $1,517,000 after acquiring an additional 4,435 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.

See Also