Herbalife Nutrition (NYSE:HLF) Releases Q3 2021 Earnings Guidance

Herbalife Nutrition (NYSE:HLF) issued an update on its third quarter 2021 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.000-$1.200 for the period, compared to the Thomson Reuters consensus estimate of $1.170. The company issued revenue guidance of $1.42 billion-$1.47 billion, compared to the consensus revenue estimate of $1.56 billion.Herbalife Nutrition also updated its FY 2021 guidance to $4.550-$4.950 EPS.

Shares of NYSE HLF opened at $42.78 on Wednesday. The business’s 50 day moving average price is $50.71 and its 200 day moving average price is $49.55. The firm has a market cap of $4.95 billion, a P/E ratio of 10.02 and a beta of 0.91. Herbalife Nutrition has a 52 week low of $42.50 and a 52 week high of $59.00.

Herbalife Nutrition (NYSE:HLF) last issued its earnings results on Tuesday, August 3rd. The company reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.27. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Herbalife Nutrition had a negative return on equity of 51.15% and a net margin of 8.41%. As a group, sell-side analysts anticipate that Herbalife Nutrition will post 4.91 earnings per share for the current year.

A number of equities research analysts recently commented on HLF shares. Royal Bank of Canada upped their target price on Herbalife Nutrition from $13.00 to $15.00 and gave the company a sector perform rating in a research report on Wednesday, August 18th. Zacks Investment Research downgraded Herbalife Nutrition from a buy rating to a hold rating in a report on Friday, August 6th. Finally, B. Riley decreased their price target on Herbalife Nutrition from $70.00 to $61.00 and set a buy rating for the company in a report on Wednesday. They noted that the move was a valuation call.

In other Herbalife Nutrition news, CEO John O. Agwunobi bought 5,200 shares of Herbalife Nutrition stock in a transaction dated Thursday, August 5th. The stock was acquired at an average cost of $48.19 per share, with a total value of $250,588.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alan W. Lefevre bought 3,000 shares of Herbalife Nutrition stock in a transaction dated Tuesday, August 17th. The shares were acquired at an average cost of $48.25 per share, with a total value of $144,750.00. Following the completion of the purchase, the director now owns 18,600 shares in the company, valued at $897,450. The disclosure for this purchase can be found here. Insiders acquired 8,625 shares of company stock valued at $415,666 over the last three months. 1.49% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in Herbalife Nutrition stock. Morgan Stanley boosted its position in Herbalife Nutrition Ltd. (NYSE:HLF) by 28.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 317,348 shares of the company’s stock after purchasing an additional 70,957 shares during the quarter. Morgan Stanley owned about 0.27% of Herbalife Nutrition worth $16,734,000 at the end of the most recent reporting period. 90.26% of the stock is owned by institutional investors and hedge funds.

Herbalife Nutrition Company Profile

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.

See Also: Return on Equity (ROE)

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

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