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

Herbalife Nutrition (NYSE:HLF) issued an update on its third quarter 2021 earnings guidance on Monday morning. The company provided EPS guidance of $1.000-$1.200 for the period, compared to the Thomson Reuters consensus EPS 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.

HLF stock opened at $43.29 on Thursday. The stock has a market capitalization of $5.00 billion, a PE ratio of 10.14 and a beta of 0.91. The company’s 50-day moving average is $47.34 and its 200-day moving average is $49.11. Herbalife Nutrition has a 1 year low of $41.31 and a 1 year high of $59.00.

Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings data on Tuesday, August 3rd. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.27. Herbalife Nutrition had a net margin of 8.41% and a negative return on equity of 51.15%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. As a group, research analysts forecast that Herbalife Nutrition will post 4.91 EPS for the current year.

Several brokerages recently weighed in on HLF. B. Riley dropped their price target on shares of Herbalife Nutrition from $70.00 to $61.00 and set a buy rating on the stock in a research report on Wednesday, September 15th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Herbalife Nutrition from a hold rating to a strong sell rating in a research report on Wednesday, October 6th. Citigroup dropped their price target on shares of Herbalife Nutrition from $57.00 to $52.00 and set a buy rating on the stock in a research report on Thursday, September 16th. Jefferies Financial Group began coverage on shares of Herbalife Nutrition in a research note on Wednesday, September 15th. They issued a buy rating and a $65.00 price objective for the company. Finally, Royal Bank of Canada increased their price objective on shares of Herbalife Nutrition from $13.00 to $15.00 and gave the company a sector perform rating in a research note on Wednesday, August 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $55.38.

In related news, Director Alan W. Lefevre purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 17th. The stock was bought at an average price of $48.25 per share, for a total transaction of $144,750.00. Following the purchase, the director now directly owns 18,600 shares in the company, valued at approximately $897,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John O. Agwunobi purchased 5,000 shares of the firm’s stock in a transaction dated Friday, September 17th. The shares were bought at an average price of $44.90 per share, with a total value of $224,500.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 13,625 shares of company stock valued at $640,166. 1.49% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in Herbalife Nutrition stock. Morgan Stanley boosted its holdings in Herbalife Nutrition Ltd. (NYSE:HLF) by 28.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,348 shares of the company’s stock after buying an additional 70,957 shares during the period. Morgan Stanley owned approximately 0.27% of Herbalife Nutrition worth $16,734,000 as of its most recent filing with the Securities and Exchange Commission. 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.

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

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