Last $32.95 USD
Change Today -0.11 / -0.33%
Volume 4.6K
MED On Other Exchanges
Symbol
Exchange
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As of 9:45 AM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

medifast inc (MED) Snapshot

Open
$32.96
Previous Close
$33.90
Day High
$33.03
Day Low
$32.68
52 Week High
09/5/14 - $36.06
52 Week Low
11/1/13 - $23.02
Market Cap
419.8M
Average Volume 10 Days
153.1K
EPS TTM
$1.79
Shares Outstanding
12.7M
EX-Date
--
P/E TM
18.4x
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

ModusLink May Acquire Additional Stake In Medifast

ModusLink Global Solutions, Inc. (NasdaqGS:MLNK), which through its subsidiary, Moduslink Securities Corporation has recently acquired around 10% stake in Medifast Inc. (NYSE:MED), may acquire more stake in the later. ModusLink said that it invested in Medifast as part of its evaluations of potential acquisition and investment opportunities and will consider increasing or decreasing its stake based on market conditions. According to the news report, neither company could be immediately reached for comment.

Medifast Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Fiscal Year of 2014

Medifast Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net revenue decreased 17% to $80,883,000 from net revenue of $97,072,000 in the second quarter of 2013. Net income was $5,720,000, or $0.44 per diluted share compared to net income of $7,073,000, or $0.51 per diluted share for the second quarter of 2013. Income from operations was $7,412,000 against $10,641,000 a year ago. Income before income taxes was $8,685,000 against $10,878,000 a year ago. Revenue was down 17% compared to the second quarter of last year, due to significant decreases in each of distribution channels. For the six months, the company reported revenue of $167,412,000 against $193,115,000 a year ago. Income from operations was $16,108,000 against $19,219,000 a year ago. Income before income taxes was $17,691,000 against $19,588,000 a year ago. Net income was $11,687,000, or $0.89 per diluted share compared to net income of $13,006,000, or $0.93 per diluted share a year ago. The company expects third quarter 2014 net revenue to be in the range of approximately $75 to $78 million. Earnings per diluted share are expected to be in the range of $0.35 to $0.37 based on a 34% effective tax rate. For fiscal year 2014, the company now expects full year revenue to be in the range of $320 to $330 million and full year earnings per diluted share in the range of $1.80 to $1.85. The company anticipates a full year tax rate of approximately 33% to 34% in 2014.

Medifast Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-14-2014 02:00 PM

Medifast Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-14-2014 02:00 PM. Venue: InterContinental Hotel, 510 Atlantic Avenue, Boston, MA 02210, United States. Speakers: Michael C. MacDonald, Chairman, Chief Executive Officer and Chairman of Executive Committee, Timothy G. Robinson, Chief Financial Officer and Principal Accounting Officer.

 

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MED:US $32.95 USD -0.11

MED Competitors

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Industry Analysis

MED

Industry Average

Valuation MED Industry Range
Price/Earnings 19.6x
Price/Sales 1.3x
Price/Book 4.3x
Price/Cash Flow 18.2x
TEV/Sales 1.1x
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