Weight Watchers International I (NYSE:WTW):
Weight Watchers Names Michael Korcuska Chief Product Officer.
The company is up from yesterday’s close of $44.92.
Weight Watchers International, Inc., launched on March 7, 2006, is a provider of weight management services. The Company operates globally through a network of Company-owned and franchise operations. The Business’s branded products and services include meetings conducted by its franchisees, digital weight management products provided through its Websites, mobile sites and applications, products sold at meetings, licensed products sold in retail channels and magazine subscriptions and other publications. The Company operates through four segments: North America, United Kingdom, Continental Europe (CE) and Other. It sells a range of products, including bars, snacks, cookbooks, food and restaurant guides with SmartPoints values, Weight Watchers magazines, SmartPoints calculators and fitness kits, and certain third-party products, such as activity-tracking monitors. The Company sells its products through its meetings business, online and to its franchisees. The non-members and non-subscribers can also purchase its products through its e-commerce platforms. It also issues other publications, such as cookbooks and food and restaurant guides with SmartPoints values..
The stock is trading at $44.92 barely above $44.48, the stock’s 50 day moving average and impressively higher than the 200 day moving average of $35.92. The 50 day moving average moved up $0.44 and the 200 day average went up $9.00 or +25.06%.
Weight Watchers International I currently has a P/E ratio of 28.78 and the market cap of the company is 2.89B. As of the last earnings report the EPS was $1.56 and is estimated to be $1.47 for the current year with 64,391,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.30 and the next full year EPS is anticipated to be $1.79.
Investors are a little more bullish on Weight Watchers International I as inferred by the decrease in short interest. The company had a fall in short interest of -4.91% as of the latest report on October 13, 2017. Short interest fell from 6,570,083 to 6,247,309 over that period. With short interest at 6,247,309 and short average daily volume at 1,003,934, the short-interest ratio is 6.0 and the short interest percentage is 0.10% as of October 13.