According to Zacks, stock analysts expect Herbalife Nutrition Ltd. (NYSE: HLF) will have revenue of $ 1.37 billion for the current fiscal quarter. Two analysts have provided estimates of Herbalife Nutrition’s earnings, with the highest sales estimate being $ 1.38 billion and the lowest estimate being $ 1.36 billion. Herbalife Nutrition reported sales of $ 1.41 billion for the same quarter last year, a negative 2.8% year-over-year growth rate. The company is expected to announce its next earnings report on Wednesday, February 16.
According to Zacks, analysts expect Herbalife Nutrition to post total annual sales of $ 5.85 billion for the current year, with estimates ranging from $ 5.84 billion to $ 5.86 billion. For the next fiscal year, analysts expect sales of 5.86 billion US dollars, with estimates ranging between 5.82 billion US dollars and 5.90 billion US dollars. Zacks Investment Research’s sales calculations are based on a survey of sell-side research analysts covering Herbalife Nutrition.
Herbalife Nutrition (NYSE: HLF) last released its earnings results on Tuesday, November 2nd. The company reported earnings per share (EPS) for the quarter of $ 1.21, beating the consensus estimate of $ 1.05 by $ 0.16. The company had revenue of $ 1.43 billion for the quarter, compared to analyst estimates of $ 1.45 billion. Herbalife Nutrition had a negative return on equity of 44.90% and a net margin of 8.19%. For the same period last year, the company had earnings per share of $ 1.15.
HLF has been the subject of several research analyst reports. Tigress Financial confirmed a “Buy” rating in a research release on Friday, September 24th, and issued a target price of $ 65.00 on the shares of Herbalife Nutrition. The Jefferies Financial Group began reporting on Herbalife Nutrition in a research report on Wednesday, September 15. They set a “Buy” rating and a target price of $ 65.00 on the stock. Zacks Investment Research upgraded Herbalife Nutrition from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 16. TheStreet downgraded Herbalife Nutrition from “b-” to “c +” in a research report on Thursday September 30th. Finally, B. Riley lowered his target price on Herbalife Nutrition from $ 70.00 to $ 61.00 and gave the stock a “buy” rating in a research report dated Wednesday, September 15th. They discovered that the move was a call for evaluation. Two research analysts for stocks have given the stock a hold rating and four have given it a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $ 55.50.
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In related news, CEO John O. Agwunobi acquired 5,000 shares of Herbalife Nutrition in a transaction dated Friday, September 17. The shares were purchased for an average price of $ 44.90 per share for a total value of $ 224,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.49% of the shares are currently owned by company insiders.
Several hedge funds and other institutional investors recently bought and sold shares in the stock. WINTON GROUP Ltd increased its stake in Herbalife Nutrition by 0.7% in the second quarter. WINTON GROUP Ltd now owns 40,705 shares in the company valued at $ 2,146,000 after purchasing an additional 269 shares during the reporting period. Panagora Asset Management Inc. increased its stake in Herbalife Nutrition by 3.6% in the second quarter. Panagora Asset Management Inc. now owns 11,453 shares in the company valued at $ 604,000 after purchasing an additional 393 shares during the reporting period. North Carolina State Treasurer increased its stake in Herbalife Nutrition by 1.2% in the third quarter. The North Carolina State Treasurer now owns 37,805 shares in the company valued at $ 1,602,000 after purchasing an additional 439 shares during the reporting period. Principal Financial Group Inc. increased its stake in Herbalife Nutrition 10.1% in the first quarter. Principal Financial Group Inc. now owns 6,679 shares in the company valued at $ 296,000 after purchasing an additional 615 shares during the period. Finally, Peapack Gladstone Financial Corp increased its stake in Herbalife Nutrition by 5.1% in the third quarter. Peapack Gladstone Financial Corp now owns 13,814 shares in the company valued at $ 585,000 after purchasing an additional 665 shares during the reporting period. 90.52% of the shares are currently owned by institutional investors.
Herbalife Nutrition shares opened at $ 37.37 on Friday. Herbalife Nutrition has a 12-month low of $ 36.63 and a 12-month high of $ 59.00. The 50 day simple moving average is $ 42.05 and the 200 day simple moving average is $ 47.55. The company has a market capitalization of $ 4.19 billion, a price / earnings ratio of 8.65, and a beta of 1.08.
Herbalife Nutrition company profile
Herbalife Nutrition Ltd. is a holding company engaged in the development and distribution of nutritional solutions. It operates in 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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