Herbalife Nutrition (NYSE:HLF) Issues Q3 Earnings Guidance

Herbalife Nutrition (NYSE:HLF) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.50 -0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.79. The company issued revenue guidance of (2.0)–4.0% (~$1.15-1.22 billion), compared to the consensus revenue estimate of $1.26 billion.Herbalife Nutrition also updated its FY 2019 guidance to $2.40-2.80 EPS.

Shares of HLF stock traded down $2.76 on Friday, hitting $38.00. 6,353,187 shares of the stock traded hands, compared to its average volume of 2,162,321. The company has a market cap of $6.16 billion, a P/E ratio of 13.19 and a beta of 0.43. Herbalife Nutrition has a 1-year low of $36.62 and a 1-year high of $61.77. The stock’s fifty day moving average is $42.02.

Herbalife Nutrition (NYSE:HLF) last issued its earnings results on Thursday, August 1st. The company reported $0.70 earnings per share 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 company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business earned $0.80 earnings per share. Herbalife Nutrition’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that Herbalife Nutrition will post 2.6 EPS for the current year.

HLF has been the topic of several analyst reports. Argus lowered Herbalife Nutrition from a buy rating to a hold rating in a research report on Wednesday, April 10th. ValuEngine raised Herbalife Nutrition from a sell rating to a hold rating in a research note on Thursday. Pivotal Research reissued a buy rating and issued a $65.00 price target (down previously from $75.00) on shares of Herbalife Nutrition in a research note on Friday. Citigroup decreased their price target on Herbalife Nutrition from $66.00 to $57.00 and set a buy rating for the company in a research note on Friday. Finally, BMO Capital Markets reissued a hold rating and issued a $9.00 price target on shares of Herbalife Nutrition in a research note on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $55.17.

In related news, SVP Edi Hienrich sold 738 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $47.62, for a total value of $35,143.56. Following the completion of the transaction, the senior vice president now owns 22,246 shares in the company, valued at approximately $1,059,354.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.31% of the company’s stock.

About Herbalife Nutrition

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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