FitLife Brands (NASDAQ:FTLF) Issues Quarterly Earnings Results, Hits Estimates

Key Points

• FitLife Brands reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' estimates.
• The company has a return on equity of 25.59% and a net margin of 13.85%, indicating strong performance metrics.
• Wall Street Zen downgraded FitLife Brands from a "buy" rating to a "hold" rating in recent analysis.

FitLife Brands (NASDAQ:FTLF - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18, Zacks reports. FitLife Brands had a return on equity of 22.38% and a net margin of 12.63%.The firm had revenue of $16.13 million for the quarter, compared to the consensus estimate of $16.17 million.

FitLife Brands Price Performance

NASDAQ:FTLF traded up $0.34 on Tuesday, reaching $17.09. 6,920 shares of the company's stock traded hands, compared to its average volume of 20,358. The company has a quick ratio of 0.72, a current ratio of 1.64 and a debt-to-equity ratio of 0.19. The stock has a 50-day simple moving average of $13.78 and a 200-day simple moving average of $13.98. The firm has a market cap of $160.48 million, a PE ratio of 20.35 and a beta of 0.79. FitLife Brands has a 12 month low of $9.83 and a 12 month high of $17.75.

Analysts Set New Price Targets

FTLF has been the topic of a number of recent research reports. Roth Capital raised their target price on FitLife Brands from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen cut FitLife Brands from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $22.00.

Institutional Investors Weigh In On FitLife Brands

Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of FitLife Brands in the second quarter worth about $28,000. Bank of America Corp DE increased its holdings in shares of FitLife Brands by 6,524.2% in the second quarter. Bank of America Corp DE now owns 2,186 shares of the company's stock worth $28,000 after purchasing an additional 2,153 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of FitLife Brands in the second quarter worth about $103,000. Finally, Geode Capital Management LLC increased its holdings in shares of FitLife Brands by 101.4% in the second quarter. Geode Capital Management LLC now owns 90,746 shares of the company's stock worth $1,182,000 after purchasing an additional 45,690 shares during the last quarter. 2.32% of the stock is owned by institutional investors.

About FitLife Brands

FitLife Brands, Inc provides nutritional supplements for health-conscious consumers in the United States and internationally. The company provides weight loss, sports nutrition, and general health products; sports nutrition products; weight loss and sports nutrition products; sports nutrition and general wellness formulations with an emphasis on natural, vegan, and organic ingredients; and male health and weight loss products, as well as other diet, health, and sports nutrition supplements and related products; and value-oriented sports nutrition and weight loss products.