Herbalife Diet Ltd. to Submit FY2020 Earnings of $3.75 Per Share, Jefferies Monetary Group Forecasts (NYSE:HLF)

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Herbalife Nutrition Ltd. (NYSE: HLF) – Jefferies Financial Group equity researchers raised their 2020 EPS estimates for Herbalife Nutrition in a notice to investors dated Tuesday, January 12th. Jefferies Financial Group analyst S. Wissink now expects the company to post earnings per share of $ 3.75 for the year, compared to its previous forecast of $ 3.74. Jefferies Financial Group also gave estimates for Herbalife Nutrition’s earnings for the fourth quarter of 2020 at $ 0.82 per share, for the first quarter of 2021 at $ 1.10 per share, for the second quarter of 2021 at $ 1.09 per share, in the third quarter of 2021 at $ 1.21 per share, fourth quarter of 2021 at $ 1.03 per share and third quarter of 2022 at $ 1.22 per share, Q4 2022 earnings at $ 1.09 EPS and FY2022 earnings at 4 .52 USD EPS. Herbalife Nutrition (NYSE: HLF) last released its results on Thursday, November 5th. The company reported earnings per share of $ 1.15 for the quarter, beating Zacks’ consensus estimate of $ 0.93 by $ 0.22. Herbalife Nutrition achieved a negative return on equity of 103.36% and a net margin of 6.64%. The company had revenue of $ 1.52 billion for the quarter, compared to the consensus estimate of $ 1.44 billion. For the same quarter last year, the company posted earnings of $ 0.73 per share. The company’s quarterly revenue increased 22.2% year over year.

A number of other research companies have also recently commented on HLF. Smith Barney Citigroup raised its price target for Herbalife Nutrition from $ 63.00 to $ 66.00 in a research report on Monday, December 28th. Zacks Investment Research downgraded Herbalife Nutrition from a “Buy Strong” rating to a “Hold” rating in a Research Note on Thursday, January 7th. ValuEngine downgraded Herbalife Nutrition from a “Sell” rating to a “Strong Sell” rating in a Research Note on Tuesday, January 5th. Finally, Citigroup Inc. raised its price target for Herbalife Nutrition from $ 63.00 to $ 66.00 in a research note on Monday, December 28th. One research analyst has rated the stock with a sell rating, one with a hold rating, and five with a buy rating on the company’s stock. Herbalife Nutrition currently has an average rating of “Buy” and an average price target of $ 57.33.

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They named the 2020 crash 45 days earlier. Nobody expects what they are predicting now …

NYSE: HLF opens at $ 50.10 on Thursday. Herbalife Nutrition has a 52-week low of $ 20.73 and a 52-week high of $ 54.40. The company has a market cap of $ 6.59 billion, a P / E of 19.42, and a beta of 1.11. The stock’s 50-day moving average is $ 49.21 and the two-hundred-day moving average is $ 48.75.

In other news from Herbalife Nutrition, President John Desimone sold 72,985 shares in the company in a transaction on Wednesday, January 6th. The stock was sold at an average price of $ 53.00 for a total value of $ 3,868,205.00. Following the sale, the President now directly owns 26,826 shares in the company valued at $ 1,421,778. The transaction was announced in a legal filing with the SEC, which can be accessed via this link. Major shareholder Carl C. Icahn also sold 12,486,993 shares of Herbalife Nutrition stock on Sunday, January 3rd. The stock was sold at an average price of $ 48.05 for a total value of $ 600,000,013.65. The disclosure for this sale can be found here. Insiders sold a total of 12,577,187 shares in the company last quarter, valued at $ 604,725,021. Currently, 3.10% of the shares are owned by insiders.

Institutional investors have recently changed their positions in business. First Trust Advisors LP increased its position in Herbalife Nutrition by 120.6% in the third quarter. First Trust Advisors LP now owns 148,605 shares in the company valued at $ 6,932,000 after purchasing an additional 81,247 shares during the period. FMR LLC increased its stake in Herbalife Nutrition by 9,412.7% in the second quarter. FMR LLC now owns 3,952,709 shares of the company valued at $ 177,793,000 after purchasing an additional 3,911,157 shares during the period. The California State Teachers Retirement System increased its position in Herbalife Nutrition by 3.0% in the second quarter. The California State Teachers Retirement System now owns 171,107 shares of the company valued at $ 7,696,000 after purchasing an additional 5,004 shares last quarter. Robeco Institutional Asset Management BV increased its stake in Herbalife Nutrition by 8.5% in the third quarter. Robeco Institutional Asset Management BV now owns 357,595 shares in the company valued at $ 16,681,000 after purchasing an additional 27,922 shares during the period. Finally, Captrust Financial Advisors acquired a new position in Herbalife Nutrition for $ 38,000 in the second quarter. Institutional investors own 95.33% of the company’s shares.

Herbalife Nutrition company profile

Herbalife Nutrition Ltd. provides nutritional solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa and the Asia-Pacific region. The company offers products in the areas of weight management; targeted nutrition; Energy, exercise and fitness; and external nutrition. It offers weight loss products, including meal replacement products, protein shakes, drink mixes, weight loss boosters, and healthy snacks. targeted nutritional products, including dietary supplements that contain herbs, vitamins, minerals, and other natural ingredients; external nutritional products such as facial, body and hair care products; as well as energy, sports and fitness products, which include NRG tea and energy drink products.

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