Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) – Analysts at B. Riley lowered their Q2 2022 earnings per share estimates for Herbalife Nutrition in a research report issued to clients and investors on Wednesday, May 4th. B. Riley analyst J. Van. Sinderen now expects that the company will earn $0.60 per share for the quarter, down from their prior estimate of $1.00. B. Riley also issued estimates for Herbalife Nutrition’s Q3 2022 earnings at $0.81 EPS, FY2022 earnings at $3.32 EPS and FY2023 earnings at $4.60 EPS.
Herbalife Nutrition (NYSE:HLF – Get Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.90 by $0.09. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.38 billion. Herbalife Nutrition had a net margin of 7.06% and a negative return on equity of 33.49%. Herbalife Nutrition’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 EPS.
HLF has been the subject of several other reports. Citigroup dropped their target price on shares of Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday, May 4th. Jefferies Financial Group cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating and dropped their target price for the company from $60.00 to $26.00 in a research report on Wednesday, May 4th. Zacks Investment Research cut shares of Herbalife Nutrition from a “hold” rating to a “strong sell” rating in a research report on Friday. Finally, StockNews.com upgraded shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Sunday, April 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.50.
Shares of Herbalife Nutrition stock opened at $24.41 on Monday. Herbalife Nutrition has a twelve month low of $23.75 and a twelve month high of $55.78. The company has a 50-day simple moving average of $30.84 and a two-hundred day simple moving average of $37.83. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 6.54 and a beta of 1.07.
Institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Herbalife Nutrition by 4.1% during 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 during the last quarter. Millennium Management LLC bought a new stake in shares of Herbalife Nutrition in the 3rd quarter valued at $6,085,000. University of Notre Dame DU Lac boosted its stake 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 purchasing an additional 2,324 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Herbalife Nutrition in the 4th quarter valued at $370,000. Finally, Connectus Wealth LLC bought a new stake in shares of Herbalife Nutrition in the 4th quarter valued at $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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