Herbalife Nutrition (NYSE:HLF – Get Rating) issued an update on its second quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.60-$0.80 for the period. The company issued revenue guidance of $1.28 billion-$1.37 billion.Herbalife Nutrition also updated its FY 2022 guidance to $3.50-$4.00 EPS.
NYSE HLF traded down $0.87 on Tuesday, hitting $22.72. The stock had a trading volume of 28,493 shares, compared to its average volume of 1,408,860. Herbalife Nutrition has a 52-week low of $23.51 and a 52-week high of $55.78. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 6.32 and a beta of 1.07. The firm has a 50-day moving average of $30.60 and a 200-day moving average of $37.66.
Herbalife Nutrition (NYSE:HLF – Get Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.09. Herbalife Nutrition had a net margin of 7.06% and a negative return on equity of 33.49%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company posted $1.42 EPS. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities research analysts expect that Herbalife Nutrition will post 3.5 EPS for the current year.
Several research firms have recently weighed in on HLF. Jefferies Financial Group cut shares of Herbalife Nutrition from a buy rating to a hold rating and lowered their price objective for the company from $60.00 to $26.00 in a research report on Wednesday, May 4th. StockNews.com upgraded shares of Herbalife Nutrition from a hold rating to a buy rating in a research report on Sunday, April 10th. Citigroup lowered their price objective on shares of Herbalife Nutrition from $46.00 to $36.00 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, B. Riley lowered their price objective on shares of Herbalife Nutrition from $50.00 to $41.00 in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $39.50.
Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. grew its holdings in Herbalife Nutrition by 50.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock worth $128,000 after acquiring an additional 1,415 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in Herbalife Nutrition in the 4th quarter worth $211,000. Envestnet Asset Management Inc. boosted its stake in shares of Herbalife Nutrition by 6.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the company’s stock valued at $374,000 after purchasing an additional 747 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Herbalife Nutrition by 15.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 46,056 shares of the company’s stock valued at $1,885,000 after purchasing an additional 6,023 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Herbalife Nutrition by 0.3% during the 4th quarter. Legal & General Group Plc now owns 177,023 shares of the company’s stock valued at $7,246,000 after purchasing an additional 448 shares in the last quarter.
About Herbalife Nutrition (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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