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

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

Several research firms have issued reports on HLF. B. Riley dropped their price target on Herbalife Nutrition from $70.00 to $61.00 and set a buy rating on the stock in a research note on Wednesday, September 15th. They noted that the move was a valuation call. Jefferies Financial Group began coverage on Herbalife Nutrition in a research note on Wednesday, September 15th. They issued a buy rating and a $65.00 price target on the stock. Tigress Financial reissued a buy rating and issued a $65.00 price target on shares of Herbalife Nutrition in a research note on Friday, September 24th. Citigroup dropped their price target on Herbalife Nutrition from $57.00 to $52.00 and set a buy rating on the stock in a research note on Thursday, September 16th. Finally, Royal Bank of Canada lifted their price target on 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Herbalife Nutrition presently has an average rating of Buy and an average target price of $55.38.

NYSE:HLF opened at $43.29 on Thursday. The stock’s 50-day simple moving average is $47.34 and its 200 day simple moving average is $49.11. The company has a market cap of $5.00 billion, a P/E ratio of 10.14 and a beta of 0.91. Herbalife Nutrition has a 52-week low of $41.31 and a 52-week high of $59.00.

Herbalife Nutrition (NYSE:HLF) last released its earnings results on Tuesday, August 3rd. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.27. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Herbalife Nutrition had a negative return on equity of 51.15% and a net margin of 8.41%. Research analysts anticipate that Herbalife Nutrition will post 4.91 EPS for the current year.

In other Herbalife Nutrition news, CEO John O. Agwunobi purchased 5,200 shares of the stock in a transaction on Thursday, August 5th. The shares were purchased at an average price of $48.19 per share, with a total value of $250,588.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan W. Lefevre purchased 3,000 shares of the stock in a transaction on Tuesday, August 17th. The shares were acquired at an average cost of $48.25 per share, for a total transaction of $144,750.00. Following the transaction, the director now owns 18,600 shares of the company’s stock, valued at $897,450. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 13,625 shares of company stock worth $640,166. Company insiders own 1.49% of the company’s stock.

A hedge fund recently raised its stake in Herbalife Nutrition stock. Morgan Stanley lifted its stake in Herbalife Nutrition Ltd. (NYSE:HLF) by 28.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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. Institutional investors and hedge funds own 90.26% of the company’s stock.

About Herbalife Nutrition

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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