Will NutriSystem Shares Soon See a Dividend Cut?

NutriSystem, Inc. (NTRI) reported earnings and guidance last week (see conference call transcript here) which resulted in a major drop in the stock price. The shares traded for about $20 on February 24, and have since fallen to about $13. Fourth quarter revenues fell to $87.9 million compared to $105.5 million in the same period last year. For the full year (2010), revenues were $509.5 million, down from $524.6 million in 2009. Earnings per share totaled $1.12 for 2010 vs. 92 cents per diluted share in 2009. Going forward, the company said it was seeing heavy competition and price discounts taking effect on financials results.... Read more

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