Medifast (NYSE:MED – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Monday, August 5th. Analysts expect Medifast to post earnings of $0.36 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Medifast Trading Down 0.9 %
Shares of NYSE MED opened at $21.47 on Friday. The stock has a market cap of $234.88 million, a price-to-earnings ratio of 3.46 and a beta of 1.15. Medifast has a 1-year low of $17.86 and a 1-year high of $102.30. The stock’s 50-day moving average is $20.72 and its 200 day moving average is $32.28.
Wall Street Analysts Forecast Growth
Separately, DA Davidson reissued an “underperform” rating and set a $17.50 price objective on shares of Medifast in a report on Monday, July 22nd.
About Medifast
Medifast, Inc, through its subsidiaries, engages in the manufacture and sale of weight loss, weight management, and healthy living products in the United States and the Asia-Pacific. It offers bars, puffs, cereal, crunchers, drinks, hearty choices, oatmeal, pancakes, pudding, soft serve, shakes, smoothies, soft bakes, and soups under the OPTAVIA, OPTAVIA ACTIVE, and Optimal Health brand names.
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