Notable Stock to Watch: Tivity Health (NASDAQ:TVTY)

Tivity Health (NASDAQ:TVTY) stock identified change of 11.46% away from 52-week low price and recently located move of -60.11% off 52-week high price. It has market worth of $806.99M. TVTY stock has been recorded -3.83% away from 50 day moving average and -28.29% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.11% off 20-day moving average.

On Aug. 7, 2019, Tivity Health (NASDAQ:TVTY) reported financial results for the second quarter ended June 30, 2019.

Second-Quarter 2019 Financial Highlights

  • Revenues increased by 124.1% to $340.4 million, including nutrition segment revenues of $182.9 million. This compares to revenues of $151.9 million for the second quarter of 2018.
  • Income from continuing operations was $18.1 million compared to $22.7 million for the second quarter of 2018. Adjusted income from continuing operations was $31.2 million compared to $22.8 million for the second quarter of 2018. Adjusted income from continuing operations for the second quarter of 2019 excludes a total of $11.4 million of pre-tax acquisition, integration, and restructuring costs incurred primarily in connection with the acquisition of Nutrisystem, $4.4 million of pre-tax amortization of intangible assets, and $1.2 million of tax adjustments related to the acquisition. See pages 12-14 for a reconciliation of non-GAAP financial measures.
  • Income from continuing operations per diluted share was $0.37 compared to $0.52 for the second quarter of 2018. Adjusted income from continuing operations per diluted share was $0.64 compared to $0.53 for the second quarter of 2018. Adjusted income from continuing operations per diluted share for the second quarter of 2019 excludes $0.18 per diluted share related to acquisition, integration, and restructuring costs in connection with the Nutrisystem acquisition, $0.07 per diluted share related to amortization of intangible assets, and $0.02 per diluted share related to tax adjustments. See pages 12-14 for a reconciliation of non-GAAP financial measures.
  • Adjusted EBITDA from continuing operations for the second quarter of 2019 was $70.3 million. This includes $1.3 million of cost synergy benefits and $34.7 million from the nutrition segment and excludes $11.4 million of acquisition, integration, and restructuring costs associated with the Nutrisystem acquisition. This compares to adjusted EBITDA from continuing operations of $35.1 million for the second quarter of 2018. See pages 12-14 for a reconciliation of non-GAAP financial measures.

The Healthcare sector company, Tivity Health noticed change of 2.54% to $16.54 along volume of 819731 shares in recent session compared to an average volume of 982.95K. The stock observed return of -5.21% in 5 days trading activity. The stock was at -0.60% over one month performance. TVTY’s shares are at -26.81% for the quarter and driving a -53.14% return over the course of the past year and is now at -33.33% since this point in 2018.

The average volatility for the week at 4.40% and for month was at 4.37%. There are 48.79M shares outstanding and 46.63M shares are floated in market. Right now the stock beta is 1.08.

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