Analysts predict that Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) will report sales of $1.38 billion for the current quarter, according to Zacks. Two analysts have made estimates for Herbalife Nutrition’s earnings, with the highest sales estimate coming in at $1.40 billion and the lowest estimate coming in at $1.35 billion. Herbalife Nutrition reported sales of $1.50 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 8%. The company is scheduled to issue its next earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Herbalife Nutrition will report full year sales of $5.80 billion for the current fiscal year, with estimates ranging from $5.69 billion to $5.90 billion. For the next financial year, analysts anticipate that the company will post sales of $6.08 billion, with estimates ranging from $6.03 billion to $6.14 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Herbalife Nutrition.
Herbalife Nutrition (NYSE:HLF – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. Herbalife Nutrition had a negative return on equity of 38.29% and a net margin of 7.71%. Herbalife Nutrition’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share.
A number of brokerages have recently weighed in on HLF. StockNews.com raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Sunday. Zacks Investment Research raised Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Wednesday, February 23rd. Finally, B. Riley lowered their target price on Herbalife Nutrition from $58.00 to $50.00 in a research report on Thursday, February 24th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $50.17.
Shares of NYSE:HLF opened at $30.51 on Wednesday. Herbalife Nutrition has a twelve month low of $28.73 and a twelve month high of $55.78. The stock’s 50 day moving average is $35.73 and its 200-day moving average is $39.91. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 7.44 and a beta of 1.05.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLF. Gables Capital Management Inc. purchased a new stake in Herbalife Nutrition in the 4th quarter valued at $33,000. Johnson Financial Group Inc. purchased a new stake in Herbalife Nutrition in the 4th quarter valued at $109,000. Islay Capital Management LLC raised its position in Herbalife Nutrition by 18.3% in the 4th quarter. Islay Capital Management LLC now owns 2,712 shares of the company’s stock valued at $111,000 after buying an additional 419 shares during the last quarter. Gladius Capital Management LP purchased a new stake in Herbalife Nutrition in the 4th quarter valued at $180,000. Finally, Wedge Capital Management L L P NC purchased a new stake in Herbalife Nutrition in the 4th quarter valued at $201,000.
About Herbalife Nutrition (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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