Equities analysts expect Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) to announce earnings of $0.64 per share for the current quarter, according to Zacks. Two analysts have made estimates for Herbalife Nutrition’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.60. Herbalife Nutrition posted earnings of $1.52 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 57.9%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Herbalife Nutrition will report full year earnings of $3.50 per share for the current financial year, with EPS estimates ranging from $3.32 to $3.68. For the next fiscal year, analysts expect that the firm will post earnings of $4.25 per share, with EPS estimates ranging from $3.90 to $4.60. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Herbalife Nutrition.
Herbalife Nutrition (NYSE:HLF – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.12. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $1.42 EPS.
HLF has been the subject of several recent analyst reports. Citigroup decreased their target price on Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday, May 4th. StockNews.com lowered Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Financial Group lowered Herbalife Nutrition from a “buy” rating to a “hold” rating and cut their price objective for the stock from $60.00 to $26.00 in a report on Wednesday, May 4th. Argus lowered Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Finally, B. Riley cut their price objective on Herbalife Nutrition from $50.00 to $41.00 in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.50.
Shares of Herbalife Nutrition stock traded up $0.33 during midday trading on Friday, hitting $21.89. The company’s stock had a trading volume of 1,411,977 shares, compared to its average volume of 1,825,788. The firm has a market capitalization of $2.37 billion, a P/E ratio of 5.87 and a beta of 1.07. The stock has a 50-day simple moving average of $28.32 and a 200-day simple moving average of $36.20. Herbalife Nutrition has a 1-year low of $21.06 and a 1-year high of $55.78.
In other news, President John Desimone bought 43,478 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were acquired at an average cost of $21.54 per share, with a total value of $936,516.12. Following the completion of the transaction, the president now directly owns 123,452 shares in the company, valued at $2,659,156.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alan L. Hoffman acquired 4,540 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were bought at an average cost of $21.97 per share, for a total transaction of $99,743.80. Following the completion of the acquisition, the executive vice president now directly owns 57,218 shares of the company’s stock, valued at approximately $1,257,079.46. The disclosure for this purchase can be found here. Insiders bought 58,080 shares of company stock worth $1,269,132 over the last quarter. 0.66% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Herbalife Nutrition by 4.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 102,183 shares of the company’s stock worth $4,182,000 after acquiring an additional 4,023 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Herbalife Nutrition during the 3rd quarter valued at $6,085,000. University of Notre Dame DU Lac grew its holdings in shares of Herbalife Nutrition by 10.9% in the 3rd quarter. University of Notre Dame DU Lac now owns 23,695 shares of the company’s stock valued at $1,004,000 after buying an additional 2,324 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in shares of Herbalife Nutrition in the 4th quarter valued at $370,000. Finally, Connectus Wealth LLC acquired a new position in Herbalife Nutrition in the 4th quarter worth $601,000.
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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