Wall Street brokerages expect Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) to post sales of $1.38 billion for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Herbalife Nutrition’s earnings, with the lowest sales estimate coming in at $1.35 billion and the highest estimate coming in at $1.40 billion. Herbalife Nutrition reported sales of $1.50 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 8%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Herbalife Nutrition will report full-year sales of $5.80 billion for the current financial year, with estimates ranging from $5.69 billion to $5.90 billion. For the next fiscal year, analysts forecast that the company will post sales of $6.08 billion, with estimates ranging from $6.03 billion to $6.14 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Herbalife Nutrition.
Herbalife Nutrition (NYSE:HLF – Get Rating) last announced its earnings results on Wednesday, February 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.02). Herbalife Nutrition had a net margin of 7.71% and a negative return on equity of 38.29%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business posted $0.71 EPS. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year.
HLF has been the subject of a number of analyst reports. B. Riley decreased their target price on shares of Herbalife Nutrition from $58.00 to $50.00 in a research report on Thursday, February 24th. Zacks Investment Research upgraded Herbalife Nutrition from a “sell” rating to a “hold” rating in a report on Wednesday, February 23rd. Finally, StockNews.com upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Sunday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $50.17.
Several hedge funds have recently modified their holdings of the company. Windacre Partnership LLC acquired a new stake in Herbalife Nutrition in the 4th quarter valued at about $109,087,000. Egerton Capital UK LLP bought a new stake in Herbalife Nutrition in the third quarter valued at approximately $94,257,000. Norges Bank acquired a new stake in shares of Herbalife Nutrition in the fourth quarter valued at approximately $34,641,000. Deccan Value Investors LP boosted its stake in shares of Herbalife Nutrition by 26.3% during the 3rd quarter. Deccan Value Investors LP now owns 3,745,293 shares of the company’s stock worth $158,726,000 after acquiring an additional 780,218 shares during the period. Finally, 683 Capital Management LLC increased its holdings in shares of Herbalife Nutrition by 28.9% during the 4th quarter. 683 Capital Management LLC now owns 2,531,097 shares of the company’s stock worth $103,597,000 after acquiring an additional 567,000 shares during the last quarter.
NYSE HLF opened at $30.51 on Wednesday. The firm’s 50-day moving average is $35.73 and its 200-day moving average is $39.91. The company has a market capitalization of $3.35 billion, a PE ratio of 7.44 and a beta of 1.05. Herbalife Nutrition has a 12-month low of $28.73 and a 12-month high of $55.78.
About Herbalife Nutrition (Get Rating)
Herbalife Nutrition Ltd. is a holding company which engages in the development and sale of nutrition solutions. It operates through 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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