Equities analysts forecast that Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) will report earnings per share of $0.87 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Herbalife Nutrition’s earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $0.89. Herbalife Nutrition posted earnings per share of $1.42 during the same quarter last year, which would suggest a negative year over year growth rate of 38.7%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Herbalife Nutrition will report full year earnings of $4.21 per share for the current financial year, with EPS estimates ranging from $3.97 to $4.45. For the next fiscal year, analysts expect that the firm will post earnings of $5.33 per share, with EPS estimates ranging from $5.17 to $5.48. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Herbalife Nutrition.
Herbalife Nutrition (NYSE:HLF – Get Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.02). Herbalife Nutrition had a negative return on equity of 38.29% and a net margin of 7.71%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company earned $0.71 EPS. The firm’s revenue was down 6.6% on a year-over-year basis.
A number of research firms recently weighed in on HLF. Zacks Investment Research raised shares of Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Wednesday, February 23rd. B. Riley decreased their target price on shares of Herbalife Nutrition from $58.00 to $50.00 in a research report on Thursday, February 24th. Finally, StockNews.com raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Sunday, April 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $50.17.
Shares of HLF stock traded down $0.55 during trading hours on Monday, hitting $29.72. 913,680 shares of the company were exchanged, compared to its average volume of 1,295,517. The company has a market capitalization of $3.27 billion, a PE ratio of 7.25 and a beta of 1.05. Herbalife Nutrition has a 52 week low of $28.73 and a 52 week high of $55.78. The business has a 50 day moving average of $35.08 and a two-hundred day moving average of $39.64.
A number of hedge funds have recently made changes to their positions in HLF. Windacre Partnership LLC acquired a new stake in Herbalife Nutrition in the fourth quarter valued at $109,087,000. Egerton Capital UK LLP acquired a new stake in Herbalife Nutrition in the third quarter valued at $94,257,000. Norges Bank acquired a new stake in shares of Herbalife Nutrition during the 4th quarter worth about $34,641,000. Deccan Value Investors L.P. lifted its stake in shares of Herbalife Nutrition by 26.3% during the 3rd quarter. Deccan Value Investors L.P. now owns 3,745,293 shares of the company’s stock worth $158,726,000 after buying an additional 780,218 shares during the last quarter. Finally, 683 Capital Management LLC lifted its stake in shares of Herbalife Nutrition by 28.9% during the 4th quarter. 683 Capital Management LLC now owns 2,531,097 shares of the company’s stock worth $103,597,000 after buying an additional 567,000 shares during the last quarter.
Herbalife Nutrition Company Profile (Get Rating)
Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America, Mexico, South and Central America, Europe, Middle East, and Africa, Asia pacific, and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.
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