Herbalife Nutrition Ltd (HLF) Expected to Post Earnings of $0.61 Per Share

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Equities research analysts expect Herbalife Nutrition Ltd (NYSE:HLF) to announce earnings per share (EPS) of $0.61 for the current quarter, Zacks reports. Two analysts have provided estimates for Herbalife Nutrition’s earnings, with estimates ranging from $0.60 to $0.62. Herbalife Nutrition reported earnings of $0.65 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 6.2%. The business is scheduled to announce its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Herbalife Nutrition will report full year earnings of $2.85 per share for the current financial year, with EPS estimates ranging from $2.84 to $2.86. For the next financial year, analysts forecast that the business will report earnings of $3.25 per share, with EPS estimates ranging from $3.20 to $3.29. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Herbalife Nutrition.

Herbalife Nutrition (NYSE:HLF) last posted its earnings results on Tuesday, October 30th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share.

HLF has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on Herbalife Nutrition in a research report on Thursday, October 11th. They issued a “buy” rating and a $65.00 target price on the stock. Pivotal Research reiterated a “buy” rating and issued a $62.00 target price (down from $75.00) on shares of Herbalife Nutrition in a research report on Wednesday, October 31st. Royal Bank of Canada reiterated a “hold” rating on shares of Herbalife Nutrition in a research report on Friday, November 9th. Tigress Financial reiterated a “buy” rating on shares of Herbalife Nutrition in a research report on Friday, November 16th. Finally, ValuEngine upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Herbalife Nutrition has an average rating of “Buy” and a consensus target price of $59.42.

In other Herbalife Nutrition news, COO David Pezzullo sold 33,070 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $55.64, for a total transaction of $1,840,014.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.19% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Herbalife Nutrition by 1.0% during the third quarter. Vanguard Group Inc. now owns 10,058,515 shares of the company’s stock valued at $548,692,000 after purchasing an additional 103,973 shares during the period. FMR LLC raised its position in Herbalife Nutrition by 91.2% during the second quarter. FMR LLC now owns 7,662,197 shares of the company’s stock valued at $411,614,000 after purchasing an additional 3,654,763 shares during the period. Renaissance Technologies LLC raised its position in Herbalife Nutrition by 42.1% during the third quarter. Renaissance Technologies LLC now owns 7,601,225 shares of the company’s stock valued at $414,647,000 after purchasing an additional 2,251,900 shares during the period. BlackRock Inc. raised its position in Herbalife Nutrition by 3.4% during the third quarter. BlackRock Inc. now owns 5,698,507 shares of the company’s stock valued at $310,854,000 after purchasing an additional 188,790 shares during the period. Finally, Morgan Stanley raised its position in Herbalife Nutrition by 6.1% during the third quarter. Morgan Stanley now owns 1,716,881 shares of the company’s stock valued at $93,655,000 after purchasing an additional 98,129 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Shares of NYSE:HLF traded down $0.07 during mid-day trading on Monday, reaching $56.47. The stock had a trading volume of 1,470,200 shares, compared to its average volume of 934,874. The company has a market capitalization of $8.83 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.13 and a beta of 0.72. Herbalife Nutrition has a 1 year low of $33.22 and a 1 year high of $60.41.

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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