Last $31.64 USD
Change Today -1.40 / -4.24%
Volume 83.0K
MED On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

medifast inc (MED) Snapshot

Open
$33.10
Previous Close
$33.04
Day High
$33.10
Day Low
$31.59
52 Week High
09/5/14 - $36.06
52 Week Low
03/10/14 - $24.76
Market Cap
381.6M
Average Volume 10 Days
87.1K
EPS TTM
$1.85
Shares Outstanding
12.1M
EX-Date
--
P/E TM
17.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for MEDIFAST INC (MED)

medifast inc (MED) Details

Medifast, Inc. is engaged in the production, distribution, and sale of weight loss and weight management products and other consumable health and diet products. It operates through two segments, Medifast and MWCC and Wholesale. The company offers bars, bites, pretzels, puffs, cereal crunch, drinks, eggs, hearty choices, oatmeal, pancakes, pudding, soft serve, shakes, smoothies, soft bakes, and soups under the Medifast and Essential 1 brands and for private label customers. It also provides nutritional products; and meal replacements comprising vitamins and minerals, as well as other nutrients essential for good health. The company operates Medifast weight control centers that offer programs for weight loss and maintenance, customized patient counseling, InBody composition analysis, and monitoring with a BodyGem that determines resting metabolic rates. As of December 31, 2013, Medifast, Inc. operated weight control centers in 75 locations; and 41 franchise centers. The company sells its products through various channels of distribution comprising the Internet, call center, independent health advisors, medical professionals, weight loss clinics, and direct consumer marketing. Medifast, Inc. was founded in 1980 and is headquartered in Owings Mills, Maryland.

808 Employees
Last Reported Date: 03/17/14
Founded in 1980

medifast inc (MED) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.3M
President, Chief Operating Officer, Director ...
Total Annual Compensation: $850.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $487.5K
Executive Vice President, General Counsel, Di...
Total Annual Compensation: $250.0K
Director of Finance for Supply Chain
Total Annual Compensation: $216.9K
Compensation as of Fiscal Year 2013.

medifast inc (MED) Key Developments

Medifast Inc. Presents at 17th Annual ICR XChange 2015, Jan-13-2015 10:30 AM

Medifast Inc. Presents at 17th Annual ICR XChange 2015, Jan-13-2015 10:30 AM. Venue: JW Marriott Orlando Grande Lakes, Orlando, Florida, United States. Speakers: Margaret E. MacDonald-Sheetz, President, Chief Operating Officer, Director and Member of Executive Committee, Michael C. MacDonald, Chairman, Chief Executive Officer and Chairman of Executive Committee.

Medifast Launches New Product Lines

Medifast Inc. announced the launch of a new line of products. The product lineup includes the new Dark Chocolate Dream Bar, Salted Caramel Nut Bar, Strawberry Yogurt Bar, Chocolate Peanut Butter Shake, Cookies & Cream Shake, Pina Colada Smoothie, and Strawberry Banana Smoothie. These seven new maintenance products are being launched under two new sub-brands: Thrive by Medifast and Optimal Health by Take Shape For Life. All products are nutritionally balanced for weight maintenance and are free of artificial flavors, colors, and sweeteners.

Medifast Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Medifast Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, revenue was $73,992,000 against $86,480,000 for the same period in the last year. Net income was $4,855,000 or $0.39 per basic and diluted share compared to $5,673,000 or $0.41 per basic and diluted share for the same period in the last year. Income from operations was $5,939,000 against $7,349,000 a year ago. Income before income taxes was $6,845,000 against $7,878,000 a year ago. For the nine months, the company reported revenue of $241,404,000 against $279,595,000 a year ago. Income from operations was $22,047,000 against $26,568,000 a year ago. Income before income taxes was $24,536,000 against $27,466,000 a year ago. Net income was $16,542,000 or $1.27 per diluted share compared to $18,679,000 or $1.34 per diluted share a year ago. The company provided earnings guidance for the fourth quarter and full year of 2014. The company expects net revenue to be in the range of approximately $69 million to $73 million and earnings per diluted share in the range of $0.31 to $0.34. The company's guidance includes $0.5 million, or $0.03 per diluted share, for the aforementioned extraordinary legal and advisory expenses. In addition, fourth quarter earnings guidance reflects the impact of a Franchisee announcement to close seven centers at the end of October and an anticipated franchisee loan default whereby Medifast is a secondary guarantor. Upon the triggering event of the Franchisee loan default subsequent to September 30, 2014, the company may be required to perform under this guarantee resulting in a charge up to $2.0 million, or $0.11 per diluted share. Excluding these two items, the company's earnings guidance is in the range of $0.45 to $0.48 per diluted share. The fourth quarter guidance also assumes a 33% to 34% effective tax rate. For fiscal year 2014, the company now expects revenue to be in the range of $310 to $314 million and earnings per diluted share in the range of $1.59 to $1.62. The updated earnings per share guidance reflects $2.1 million or $0.11 per diluted share, for the aforementioned extraordinary legal and advisory expenses in the third and fourth quarters and up to $2.0 million, or $0.10 per diluted share, of anticipated expense associated with the Franchisee loan default mentioned above. Excluding these two items, the company's earnings guidance is in the range of $1.80 to $1.83 per diluted share. The fiscal year 2014 guidance assumes a 33% to 34% effective tax rate.

 

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MED Competitors

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Industry Analysis

MED

Industry Average

Valuation MED Industry Range
Price/Earnings 19.8x
Price/Sales 1.3x
Price/Book 4.8x
Price/Cash Flow 17.9x
TEV/Sales 1.1x
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