Medifast, Inc. (MED)
Market Cap | 408.91M |
Revenue (ttm) | 1.07B |
Net Income (ttm) | 99.42M |
Shares Out | 10.90M |
EPS (ttm) | 9.10 |
PE Ratio | 4.19 |
Forward PE | 19.83 |
Dividend | $3.30 (8.59%) |
Ex-Dividend Date | Sep 18, 2023 |
Volume | 42,289 |
Open | 37.70 |
Previous Close | 37.53 |
Day's Range | 37.50 - 38.55 |
52-Week Range | 34.09 - 109.52 |
Beta | 1.18 |
Analysts | Hold |
Price Target | 61.00 (+58.71%) |
Earnings Date | Apr 29, 2024 |
About MED
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. The company markets its products through point-of-sale transactions, as well as through ecommerce platform. Medifast, Inc. was founded in 1980 and is he... [Read more]
Financial Performance
In 2023, Medifast's revenue was $1.07 billion, a decrease of -32.94% compared to the previous year's $1.60 billion. Earnings were $99.42 million, a decrease of -30.75%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for MED stock is "Hold." The 12-month stock price forecast is $61.0, which is an increase of 58.71% from the latest price.
News
Medifast Announces Fourth Quarter and Full Year 2023 Financial Results
BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, today reported results for the fourth quarter...
Medifast to Announce Financial Results for the Fourth Quarter and Full Year Ended December 31, 2023
BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, will announce financial results for the fourt...
Potential 300% Upside: Uncovering Medifast's Investment Opportunity
High returns on capital typically generate substantial value for long-term investors over extended periods. Businesses yielding high returns often command premium valuations in the market.
LifeMD Stock Pops on Medifast Agreement. It's All About Weight-Loss Drugs.
The companies are teaming up to offer a ‘transformative weight management solution.'
LifeMD's stock soars 9.5% on news company is teaming up with Medifast to create weight-management program that includes GLP-1 drugs
LifeMD Inc.'s stock LFMD, +1.76% soared 9% early Wednesday, after the virtual primary care provider said it's teaming up with Medifast Inc. MED, +1.03%, a wellness company known for its habit-based an...
Medifast Initiates Business Transformation by Entering the Medically Supported Weight Loss Market through Collaboration with LifeMD, a Virtual Primary Care Provider, and Adjusting its Capital Allocation Policy
BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its habit-based and coach-guided lifestyle solution OPTAVIA®, today launched the first phase of its business...
LifeMD and Medifast Partner to Offer Transformative Weight Management Solution
Collaboration will integrate LifeMD's telehealth platform and GLP-1 offering for medically qualified patients with OPTA VIA Coach-guided, healthy lifestyle solution
Medifast Announces Third Quarter 2023 Financial Results
BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, today reported results for the third quarter ...
Medifast to Announce Financial Results for the Third Quarter Ended September 30, 2023
BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the company behind the health and wellness community OPTAVIA®, will announce financial results for the third quarter ended September 30, 2023 on Monda...
OPTAVIA ACTIVE™ Now Available
BALTIMORE , Sept. 13, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution OPTAVIA®, today announced its OPTAVIA AC...
Medifast Announces Quarterly Dividend
BALTIMORE , Sept. 7, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the company behind the health and wellness community, OPTA VIA®, today announced that its Board of Directors has declared a $1.65 quart...
Medifast Survey Finds 8 out of 10 U.S. Adults say Practicing Daily "Self-Care Habits" is a Priority
BALTIMORE , Sept. 7, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution OPTAVIA ®, today released findings from a ...
Medifast Announces Second Quarter 2023 Financial Results
BALTIMORE, Aug. 7, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTA VIA® , today reported results for the...
Medifast Expands into $30B Sports Nutrition Category with OPTAVIA ACTIVE™
BALTIMORE , July 27, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution OPTAVIA® , today unveiled a new product l...
Medifast to Announce Financial Results for the Second Quarter Ended June 30, 2023
BALTIMORE , July 24, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the company behind the health and wellness community OPTA VIA ®, will announce financial results for the second quarter ended June 30, 2...
Medifast: A High Dividend Yield and Cheap Valuation
Medifast ( MED , Financial) is a mission-driven company supporting health and well-being, helping its customers transform their lives by providing healthy living products and programs. The company has...
Medifast Announces First Quarter 2023 Financial Results
BALTIMORE , May 1, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA®, today reported results for the first qua...
Why Wall Street loves weight loss drugs
Yahoo Finance's Josh Schafer joins the Live show to break down Wall Street's growing interest in weight loss drugs.
Medifast to Announce Financial Results for the First Quarter Ended March 31, 2023
Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, will announce financial results for the first quarter ended March 31, 2023 on Mond...
Medifast Named to Financial Times' List of The Americas' Fastest Growing Companies
Company Recognized as One of the Top 500 Companies with the Highest Compound Annual Revenue Growth Between 2018 and 2021 BALTIMORE , April 3, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global comp...
Medifast Appoints Steven Zenker as Vice President of Investor Relations
BALTIMORE , March 2, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA®, today announced it has named Steven Zen...
Medifast Announces Fourth Quarter and Full Year 2022 Financial Results
BALTIMORE , Feb. 21, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA ® , today reported results for the fourt...
Medifast to Announce Financial Results for the Fourth Quarter and Full Year Ended December 31, 2022
BALTIMORE , Feb. 7, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA® , will announce financial results for the...
Medifast Survey Indicates Consumer Focus on Health and Wellbeing Remains Strong
BALTIMORE , Dec. 5, 2022 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA ®, today released findings from a survey ...
Medifast Named to the 2022 FORTUNE 100 Fastest-Growing Companies List
Company Recognized for Fourth Straight Year and is One of Only 24 Returning from the 2021 List BALTIMORE , Nov. 16, 2022 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fast...