WW International (NASDAQ:WW) Releases Earnings Results, Misses Expectations By $0.43 EPS

WW International (NASDAQ:WWGet Rating) issued its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.43), Briefing.com reports. The business had revenue of $269.50 million for the quarter, compared to analyst estimates of $285.29 million. WW International had a negative return on equity of 21.21% and a net margin of 6.52%. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. WW International updated its FY 2022 guidance to $0.80-$0.85 EPS and its FY22 guidance to $0.90 to $1.02 EPS.

WW International Price Performance

Shares of NASDAQ:WW traded down $1.16 during midday trading on Friday, reaching $6.18. 2,323,440 shares of the company’s stock were exchanged, compared to its average volume of 1,404,112. The firm’s 50 day simple moving average is $6.97 and its two-hundred day simple moving average is $9.11. The stock has a market cap of $434.65 million, a price-to-earnings ratio of 5.87 and a beta of 1.52. WW International has a fifty-two week low of $5.66 and a fifty-two week high of $32.80.

Hedge Funds Weigh In On WW International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Trust N.A. boosted its holdings in WW International by 15.2% during the 1st quarter. Raymond James Trust N.A. now owns 15,118 shares of the company’s stock valued at $155,000 after acquiring an additional 2,000 shares during the period. Quantbot Technologies LP purchased a new position in WW International during the 1st quarter valued at about $267,000. MetLife Investment Management LLC boosted its holdings in WW International by 49.1% during the 1st 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 period. Finally, Rhumbline Advisers boosted its holdings in WW International by 3.1% during the 1st 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. 92.96% of the stock is currently owned by hedge funds and other institutional investors.

About WW International

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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.

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Earnings History for WW International (NASDAQ:WW)

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