Herbalife Nutrition (NYSE:HLF) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.40-2.80 for the period, compared to the Thomson Reuters consensus estimate of $2.98. The company issued revenue guidance of $4.8086394-5.0287704 billion, compared to the consensus revenue estimate of $5.03 billion.Herbalife Nutrition also updated its FY19 guidance to $2.40 -2.80 EPS.
Shares of HLF stock opened at $38.00 on Friday. The business’s fifty day simple moving average is $42.02. The firm has a market capitalization of $6.16 billion, a P/E ratio of 13.19 and a beta of 0.43. Herbalife Nutrition has a 12-month low of $36.62 and a 12-month high of $61.77.
Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. Herbalife Nutrition had a negative return on equity of 55.20% and a net margin of 6.05%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. On average, equities research analysts forecast that Herbalife Nutrition will post 2.6 earnings per share for the current year.
In related news, SVP Edi Hienrich sold 738 shares of the company’s 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 transaction, the senior vice president now directly owns 22,246 shares of the company’s stock, valued at approximately $1,059,354.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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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