Herbalife Nutrition (NYSE:HLF) Issues FY19 Earnings Guidance

Herbalife Nutrition (NYSE:HLF) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $2.40 -2.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.94. The company issued revenue guidance of (1.7)–2.8% or $4.81-5.03 billion, compared to the consensus revenue estimate of $5.03 billion.Herbalife Nutrition also updated its FY 2019 guidance to $2.40-2.80 EPS.

Several brokerages have issued reports on HLF. Citigroup dropped their target price on shares of Herbalife Nutrition from $66.00 to $57.00 and set a buy rating on the stock in a report on Friday. ValuEngine upgraded shares of Herbalife Nutrition from a sell rating to a hold rating in a report on Thursday. Pivotal Research reiterated a buy rating and set a $65.00 target price (down from $75.00) on shares of Herbalife Nutrition in a report on Friday. BMO Capital Markets reiterated a hold rating and set a $9.00 target price on shares of Herbalife Nutrition in a report on Friday, May 17th. Finally, Argus cut shares of Herbalife Nutrition from a buy rating to a hold rating in a report on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $55.17.

Herbalife Nutrition stock traded down $2.76 during midday trading on Friday, hitting $38.00. 6,353,187 shares of the company’s stock were exchanged, compared to its average volume of 2,162,321. Herbalife Nutrition has a 12 month low of $36.62 and a 12 month high of $61.77. The business’s 50-day moving average price is $42.02. The firm has a market cap of $6.16 billion, a P/E ratio of 13.19 and a beta of 0.43.

Herbalife Nutrition (NYSE:HLF) last issued its earnings results on Thursday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). Herbalife Nutrition had a negative return on equity of 55.20% and a net margin of 6.05%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. Sell-side analysts predict that Herbalife Nutrition will post 2.6 earnings per share for the current year.

In other news, SVP Edi Hienrich sold 738 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.62, for a total value of $35,143.56. Following the sale, the senior vice president now directly owns 22,246 shares in the company, valued at approximately $1,059,354.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.31% of the stock is owned by corporate insiders.

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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Earnings History and Estimates for Herbalife Nutrition (NYSE:HLF)

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