Nu Skin Enterprises, Inc. (NUS) to Issue Quarterly Dividend of $0.06 on September 11th

Nu Skin Enterprises, Inc. (NYSE:NUS) announced a quarterly dividend on Thursday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.06 per share on Wednesday, September 11th. This represents a $0.24 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, August 30th.

Nu Skin Enterprises has raised its dividend by an average of 1.3% per year over the last three years. Nu Skin Enterprises has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Nu Skin Enterprises to earn $1.43 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 16.8%.

Nu Skin Enterprises Trading Down 8.1 %

Shares of Nu Skin Enterprises stock opened at $9.25 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 2.09 and a debt-to-equity ratio of 0.56. The firm has a market cap of $459.42 million, a price-to-earnings ratio of -154.17 and a beta of 1.13. The business has a fifty day simple moving average of $10.47 and a 200-day simple moving average of $12.13. Nu Skin Enterprises has a fifty-two week low of $8.80 and a fifty-two week high of $24.48.

Nu Skin Enterprises (NYSE:NUS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $439.10 million during the quarter, compared to analyst estimates of $431.87 million. Nu Skin Enterprises had a positive return on equity of 9.28% and a negative net margin of 0.17%. The company’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, equities analysts forecast that Nu Skin Enterprises will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NUS shares. Citigroup cut their target price on Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. DA Davidson dropped their target price on Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Nu Skin Enterprises Company Profile

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.