Equities analysts forecast that Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) will announce $1.31 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Herbalife Nutrition’s earnings, with the lowest sales estimate coming in at $1.29 billion and the highest estimate coming in at $1.32 billion. Herbalife Nutrition reported sales of $1.55 billion during the same quarter last year, which indicates a negative year over year growth rate of 15.5%. The business is expected to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Herbalife Nutrition will report full year sales of $5.29 billion for the current financial year, with estimates ranging from $5.28 billion to $5.31 billion. For the next financial year, analysts anticipate that the business will report sales of $5.43 billion, with estimates ranging from $5.31 billion to $5.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Herbalife Nutrition.
Herbalife Nutrition (NYSE:HLF – Get Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.38 billion. Herbalife Nutrition had a negative return on equity of 33.49% and a net margin of 7.06%. The company’s revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.42 earnings per share.
A number of research firms recently commented on HLF. B. Riley decreased their price target on Herbalife Nutrition from $50.00 to $41.00 in a research note on Wednesday, May 4th. Zacks Investment Research downgraded Herbalife Nutrition from a “hold” rating to a “strong sell” rating in a research note on Friday, May 6th. StockNews.com downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Friday. Argus downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Tuesday, May 17th. Finally, Citigroup cut their target price on shares of Herbalife Nutrition from $46.00 to $36.00 in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.50.
In other Herbalife Nutrition news, EVP Alan L. Hoffman purchased 4,540 shares of the business’s stock in a transaction dated Tuesday, May 17th. The shares were bought at an average price of $21.97 per share, with a total value of $99,743.80. Following the completion of the acquisition, the executive vice president now owns 57,218 shares in the company, valued at approximately $1,257,079.46. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President John Desimone purchased 43,478 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average cost of $21.54 per share, for a total transaction of $936,516.12. Following the acquisition, the president now owns 123,452 shares of the company’s stock, valued at approximately $2,659,156.08. The disclosure for this purchase can be found here. Insiders acquired 58,080 shares of company stock worth $1,269,132 in the last three months. 0.66% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HLF. Morgan Stanley raised its holdings in shares of Herbalife Nutrition by 28.8% during the second quarter. Morgan Stanley now owns 317,348 shares of the company’s stock valued at $16,734,000 after buying an additional 70,957 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Herbalife Nutrition by 26.2% during the third quarter. Teacher Retirement System of Texas now owns 16,187 shares of the company’s stock worth $686,000 after purchasing an additional 3,365 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Herbalife Nutrition by 4.1% during the third quarter. Alliancebernstein L.P. now owns 55,394 shares of the company’s stock worth $2,348,000 after purchasing an additional 2,186 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in Herbalife Nutrition during the third quarter worth approximately $251,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Herbalife Nutrition by 31.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 98,160 shares of the company’s stock worth $4,160,000 after purchasing an additional 23,368 shares in the last quarter.
Shares of Herbalife Nutrition stock opened at $21.56 on Tuesday. The business has a 50-day moving average of $28.08 and a 200-day moving average of $36.05. The company has a market capitalization of $2.34 billion, a PE ratio of 5.78 and a beta of 1.07. Herbalife Nutrition has a 1-year low of $21.06 and a 1-year high of $55.78.
Herbalife Nutrition Company Profile (Get Rating)
Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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