Equities analysts predict that Herbalife Nutrition Ltd (NYSE:HLF) will post earnings per share of $0.61 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Herbalife Nutrition’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.60. Herbalife Nutrition reported earnings of $0.65 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 6.2%. The firm is scheduled to issue its next earnings results on Thursday, February 28th.
On average, analysts expect that Herbalife Nutrition will report full year earnings of $2.85 per share for the current financial year, with EPS estimates ranging from $2.84 to $2.86. For the next fiscal year, analysts forecast that the company will post earnings of $3.25 per share, with EPS estimates ranging from $3.20 to $3.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Herbalife Nutrition.
Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.07. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS.
Several brokerages recently commented on HLF. Royal Bank of Canada reaffirmed a “hold” rating on shares of Herbalife Nutrition in a research note on Friday. BMO Capital Markets reaffirmed a “hold” rating on shares of Herbalife Nutrition in a research note on Friday. Jefferies Financial Group reaffirmed a “buy” rating and set a $65.00 price objective on shares of Herbalife Nutrition in a research note on Thursday, November 1st. Pivotal Research reaffirmed a “buy” rating and set a $62.00 price objective (down previously from $75.00) on shares of Herbalife Nutrition in a research note on Wednesday, October 31st. Finally, ValuEngine upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $58.75.
Herbalife Nutrition stock traded down $0.41 during mid-day trading on Friday, hitting $54.68. 549,290 shares of the company’s stock were exchanged, compared to its average volume of 1,277,630. The company has a market capitalization of $8.62 billion, a PE ratio of 22.50, a PEG ratio of 1.11 and a beta of 0.73. Herbalife Nutrition has a fifty-two week low of $32.13 and a fifty-two week high of $60.41.
In other Herbalife Nutrition news, COO David Pezzullo sold 33,070 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $55.64, for a total transaction of $1,840,014.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.19% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its holdings in shares of Herbalife Nutrition by 6.0% in the 1st quarter. Russell Investments Group Ltd. now owns 8,457 shares of the company’s stock valued at $824,000 after acquiring an additional 480 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Herbalife Nutrition by 109.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,380 shares of the company’s stock valued at $664,000 after acquiring an additional 6,480 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Herbalife Nutrition by 113.1% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,218 shares of the company’s stock valued at $871,000 after acquiring an additional 8,609 shares in the last quarter. Gateway Investment Advisers LLC bought a new position in shares of Herbalife Nutrition in the 2nd quarter valued at about $3,279,000. Finally, Bank of Montreal Can bought a new position in shares of Herbalife Nutrition in the 2nd quarter valued at about $512,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.
Herbalife Nutrition Company Profile
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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