DryShips (DRYS) Time to Reward Shareholders; Strong Profitability for NutriSystem (NTRI)

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DryShips Inc. (Nasdaq:DRYS) shares surged more than 6% in after-hours trading Monday as the company said that it has decided to start returning capital to its common shareholders through a regular fixed dividend of $2.5 million every quarter – which could increase depending on factors like market conditions and DryShips’ financial performance -.

DRYS stock finished the regular session in negative territory by 16.52% (or -$0.37) at $1.87 with a total volume of 48.33M shares traded, representing a large increase in activity versus its average volume (3m) of 13.81M shares.

DryShips, an international owner of drybulk carriers and offshore support vessels, has 36.25M shares outstanding, market capitalization (intraday) of $67.79M and DRYS stock 52-week range is from $1.81 to $2,227.20 per share.

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Shares of NutriSystem Inc. (Nasdaq:NTRI) climbed over 15% to touch a new 52-week high in the extended session Monday as the company delivered in its financial results quarterly profit and revenue numbers that exceeded Wall Street analysts’ forecast.

For the fourth quarter 2016, NutriSystem posted revenue of $108.9 million, a 21% increase year over year, and net income of $8.9 million, or $0.29 per diluted share, compared to net income of $3.8 million, or $0.13 per diluted share in the same quarter the prior year, easily surpassing the Capital IQ Consensus Estimate of $0.23 earnings per share on revenues of $100.2 million for the period.

According to its business outlook, NutriSystem expects first quarter 2017 revenue to be between $202 million to $207 million and earnings per diluted share to be in the range of $0.14 to $0.19 for the period, also exceeding the Capital IQ Consensus Estimate of $0.11 earnings per share on revenues of $179.09 million for the next quarter.

NTRI stock closed at $39.20, up $1.05 (or +2.75%) and 598,770 of its shares changed hands during the day.

NutriSystem, which provides weight management products and services for women and men, has 29.60M shares outstanding. At close on Monday, the company had a market capitalization of $1.16B and NTRI stock one-year range was between $18.65 and $39.25 per share.

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