Jefferies Monetary Group Analysis Analysts Decrease Earnings Estimates for Herbalife Diet Ltd. (NYSE:HLF)

0
401

Herbalife Nutrition Ltd. (NYSE: HLF) – Jefferies Financial Group equity analysts lowered their third quarter 2021 earnings estimates on Herbalife Nutrition shares in a notice to investors on Wednesday, September 15. Jefferies Financial Group analyst S. Wissink now expects the company to post earnings of $ 1.10 per share for the quarter, up from its previous forecast of $ 1.16. Jefferies Financial Group currently has a “Buy” rating and a target price of $ 65.00 on the stock. Jefferies Financial Group also estimated Herbalife Nutrition’s fourth quarter 2021 earnings at $ 0.74, FY2021 at $ 4.78, second quarter 2022 at $ 1.37 for the fourth quarter $ 1.24 per share in 2022, $ 1.51 per share in the first quarter of 2023, and $ 1.54 per share in the second quarter of 2023.

Several other brokers have also published reports on HLF. Zacks Investment Research downgraded Herbalife Nutrition shares from a “buy” rating to a “hold” rating in a report dated Friday, August 6th. The Royal Bank of Canada raised its target price on Herbalife Nutrition shares from $ 13.00 to $ 15.00 and rated the stock as “sector performance” in a report dated Wednesday, August 18. Finally, B. Riley lowered its target price on Herbalife Nutrition stock from $ 70.00 to $ 61.00 and gave the stock a “buy” rating in a report on Wednesday. They discovered that the move was a call for evaluation.

NYSE: HLF opened at $ 42.33 on Thursday. The stock has a market cap of $ 4.89 billion, a P / E of 9.91, and a beta of 0.91. The company has a fifty-day moving average price of $ 50.50 and a 200-day moving average price of $ 49.50. Herbalife Nutrition has an annual low of $ 41.31 and an annual high of $ 59.00. Herbalife Nutrition (NYSE: HLF) last released its earnings results on Tuesday, August 3rd. The company reported earnings per share (EPS) for the quarter of $ 1.52, beating Zacks’ consensus estimate of $ 1.25 by $ 0.27. Herbalife Nutrition had a net margin of 8.41% and a negative return on equity of 51.15%. The company had revenue of $ 1.55 billion for the quarter, compared to analyst expectations of $ 1.55 billion.

(Advertisement)

This stock is the best that has ever happened to SMBs.

Large investors recently changed their positions in the stock. APG Asset Management NV increased its position in Herbalife Nutrition stocks by 21.9% in the first quarter. APG Asset Management NV now owns 156,404 shares in the company valued at $ 5,903,000 after purchasing an additional 28,100 shares during the reporting period. BlueDrive Global Investors LLP acquired a new stake in Herbalife Nutrition shares valued at approximately $ 45,945,000 in the first quarter. Iridian Asset Management LLC CT acquired a new stake in Herbalife Nutrition shares valued at approximately $ 3,582,000 during the first quarter. Serengeti Asset Management LP acquired a new stake in Herbalife Nutrition for approximately $ 3,105,000 in the first quarter. Finally, Route One Investment Company LP increased its stake in Herbalife Nutrition by 20.0% in the first quarter. Route One Investment Company LP now owns 7,494,804 shares in the company valued at $ 332,470,000 after purchasing an additional 1,248,500 shares last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

In Other Herbalife Nutrition News, Director Alan W. Lefevre bought 3,000 shares in the company on Tuesday, August 17. The shares were purchased at an average price of $ 48.25 per share for a total transaction of $ 144,750.00. Following the transaction, the director now owns 18,600 shares in the company valued at approximately $ 897,450. The transaction was announced in a legal filing with the SEC, which is available through this link. In addition, CEO John O. Agwunobi bought 5,200 shares in the company in a transaction on Thursday, August 5th. The shares were acquired at an average price of $ 48.19 per share for a total transaction of $ 250,588.00. The disclosure for this purchase can be found here. In the past three months, insiders have purchased 8,625 shares in the company valued at $ 415,666. Insiders own 1.49% of the company’s shares.

About Herbalife Nutrition

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.

Read More: Is It Safe To Invest In Commodities?

Herbalife Nutrition (NYSE: HLF) earnings history and estimates

This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

Should You Invest $ 1,000 in Herbalife Nutrition Now?

Before you consider Herbalife Nutrition, this is what you should hear.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are whispering to customers to buy now, before the broader market takes hold … and Herbalife Nutrition wasn’t on the list.

While Herbalife Nutrition is currently rated “Buy” by analysts, top-rated analysts are holding these five stocks for better buys.

Check out the 5 stocks here