Nu Skin Enterprises (NYSE:NUS) Releases FY 2024 Earnings Guidance

Nu Skin Enterprises (NYSE:NUS) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.650-0.750 for the period, compared to the consensus estimate of 0.770. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.8 billion. Nu Skin Enterprises also updated its Q4 guidance to $0.19 to $0.29 EPS.

Nu Skin Enterprises Stock Performance

Shares of NYSE:NUS traded up $0.10 on Friday, reaching $6.55. 991,684 shares of the company’s stock were exchanged, compared to its average volume of 751,884. The business’s 50-day moving average is $6.85 and its two-hundred day moving average is $9.87. The firm has a market capitalization of $325.54 million, a price-to-earnings ratio of -2.20 and a beta of 1.14. The company has a quick ratio of 1.33, a current ratio of 2.12 and a debt-to-equity ratio of 0.62. Nu Skin Enterprises has a fifty-two week low of $5.95 and a fifty-two week high of $20.75.

Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $439.10 million for the quarter, compared to the consensus estimate of $431.87 million. Nu Skin Enterprises had a negative net margin of 8.05% and a positive return on equity of 7.80%. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. As a group, equities research analysts forecast that Nu Skin Enterprises will post 0.78 EPS for the current year.

Nu Skin Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Friday, November 29th. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently -8.05%.

Analysts Set New Price Targets

NUS has been the topic of a number of recent research reports. DA Davidson dropped their price target 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. StockNews.com lowered shares of Nu Skin Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Citigroup dropped their price objective on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd.

About Nu Skin Enterprises

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.