Herbalife Nutrition (NYSE:HLF) Releases Q3 2019 Earnings Guidance

Herbalife Nutrition (NYSE:HLF) updated its third quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.50-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.78. The company issued revenue guidance of $1.217944-1.292512 billion, compared to the consensus revenue estimate of $1.29 billion.Herbalife Nutrition also updated its FY 2019 guidance to $2.40-2.80 EPS.

A number of analysts have weighed in on the stock. Pivotal Research reissued 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 reissued a hold rating and set a $9.00 target price on shares of Herbalife Nutrition in a report on Friday, May 17th. Argus cut shares of Herbalife Nutrition from a buy rating to a hold rating in a report on Wednesday, April 10th. 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. Finally, ValuEngine raised shares of Herbalife Nutrition from a sell rating to a hold rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $55.17.

Shares of HLF stock traded down $2.76 during trading hours on Friday, reaching $38.00. The stock had a trading volume of 6,353,187 shares, compared to its average volume of 2,068,478. Herbalife Nutrition has a twelve month low of $36.62 and a twelve month high of $61.77. The company’s 50-day simple moving average is $42.02. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 13.19 and a beta of 0.43.

Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). Herbalife Nutrition had a negative return on equity of 56.65% and a net margin of 6.36%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business earned $0.80 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. Research analysts forecast that Herbalife Nutrition will post 2.9 EPS for the current fiscal year.

In related news, SVP Edi Hienrich sold 738 shares of the 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 owns 22,246 shares of the company’s stock, valued at approximately $1,059,354.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.31% of the stock is owned by company 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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