Herbalife (HLF) Scheduled to Post Quarterly Earnings on Wednesday

Herbalife (NYSE:HLF) will post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Herbalife to post earnings of $0.43 per share for the quarter. Herbalife has set its Q2 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.12. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Herbalife had a net margin of 2.70% and a negative return on equity of 19.97%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. On average, analysts expect Herbalife to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Herbalife Stock Down 0.9 %

Shares of Herbalife stock opened at $12.38 on Tuesday. Herbalife has a 12 month low of $6.68 and a 12 month high of $19.48. The stock has a market cap of $1.24 billion, a PE ratio of 9.03 and a beta of 1.25. The business has a fifty day simple moving average of $11.09 and a 200-day simple moving average of $10.32.

Insider Activity at Herbalife

In other Herbalife news, Director Donal L. Mulligan acquired 30,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $9.65 per share, with a total value of $289,500.00. Following the completion of the transaction, the director now owns 60,000 shares in the company, valued at $579,000. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Juan Miguel Mendoza bought 3,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $9.67 per share, for a total transaction of $29,010.00. Following the completion of the acquisition, the director now directly owns 73,279 shares in the company, valued at $708,607.93. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donal L. Mulligan purchased 30,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $9.65 per share, with a total value of $289,500.00. Following the purchase, the director now owns 60,000 shares in the company, valued at approximately $579,000. The disclosure for this purchase can be found here. In the last quarter, insiders bought 42,500 shares of company stock valued at $418,485. 0.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. DA Davidson reaffirmed a “neutral” rating and set a $9.50 target price on shares of Herbalife in a research note on Thursday, May 2nd. StockNews.com downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Mizuho increased their target price on shares of Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.70.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.