LifeVantage (NASDAQ:LFVN) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

LifeVantage (NASDAQ:LFVN) released its earnings results on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08, Zacks reports. LifeVantage had a net margin of 2.11% and a return on equity of 29.24%.

LifeVantage Stock Performance

LFVN traded down $1.00 during trading on Wednesday, reaching $22.74. 486,894 shares of the company traded hands, compared to its average volume of 270,076. LifeVantage has a 12-month low of $5.22 and a 12-month high of $27.38. The firm has a fifty day simple moving average of $18.97 and a 200 day simple moving average of $13.59. The company has a market cap of $284.70 million, a P/E ratio of 71.06 and a beta of 0.84.

LifeVantage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. LifeVantage’s dividend payout ratio (DPR) is currently 50.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Craig Hallum assumed coverage on shares of LifeVantage in a report on Tuesday, January 14th. They issued a “buy” rating and a $35.00 target price for the company. Lake Street Capital assumed coverage on shares of LifeVantage in a report on Thursday, December 19th. They issued a “buy” rating and a $26.00 target price for the company.

About LifeVantage

LifeVantage Corporation engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath and body, and targeted relief products. It offers Protandim, a dietary supplement; LifeVantage Omega+, a dietary supplement that combines DHA and EPA Omega-3 fatty acids, Omega-7 fatty acids, and vitamin D3; LifeVantage ProBio, a dietary supplement to support gut health; PhysIQ, a weight management system; LifeVantage IC Bright, a supplement to support eye and brain health, reduce eye fatigue and strain, supports cognitive functions, and support normal sleep patterns; Petandim for Dogs, a supplement to combat oxidative stress in dogs; and Axio, a nootropic energy drink mix.