Topic: How To Invest

Stock Pickers Digest Hotline – Friday, March 03, 2017

Article Excerpt

WEIGHT WATCHERS INTERNATIONAL INC., $17.79, symbol WTW on New York, offers weight-loss services in 23 countries. The company promotes a program of lifestyle changes through 36,000 weekly meetings and its website. The stock is up almost 50% this week after the company reported strong membership growth and improved results. Oprah Winfrey bought 10% of the company and joined its board of directors in October 2015. Her goal is to promote the company and help it reverse a steady decline over the last few years. Weight Watchers continues to increase its membership: the number of active subscribers stood at 2.62 million on December 31, 2016. That’s a 9.7% rise from 2.39 million a year ago. In the three months ended December 31, 2016, the company’s revenue rose 3.2%, to $267.4 million from $259.2 million, a year earlier. Weight Watchers earned $13.3 million, or $0.20 a share in the latest quarter. A year ago, it lost $11.3 million, or $0.18 a share. That beat the consensus estimate…