Herbalife Nutrition (NYSE:HLF) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.74-2.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.84. The company issued revenue guidance of $4.866-4.91 billion, compared to the consensus revenue estimate of $4.89 billion.Herbalife Nutrition also updated its Q4 2018 guidance to $0.50-0.60 EPS.
NYSE:HLF traded up $0.40 on Tuesday, hitting $54.69. The stock had a trading volume of 1,340,000 shares, compared to its average volume of 1,847,891. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.10 and a beta of 0.67. Herbalife Nutrition has a 1-year low of $32.13 and a 1-year high of $60.41.
Herbalife Nutrition (NYSE:HLF) last posted its earnings results on Wednesday, August 1st. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.12. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.26 billion. Herbalife Nutrition had a net margin of 3.61% and a negative return on equity of 140.85%. Herbalife Nutrition’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.51 EPS. Sell-side analysts anticipate that Herbalife Nutrition will post 2.8 EPS for the current year.
In other Herbalife Nutrition news, COO David Pezzullo sold 99,875 shares of the stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $55.29, for a total transaction of $5,522,088.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeff Dunn sold 17,440 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $58.53, for a total transaction of $1,020,763.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 205,961 shares of company stock worth $11,578,487. Company insiders own 6.19% of the company’s stock.
About Herbalife Nutrition
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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