Herbalife Nutrition (HLF) Updates Q4 2018 Earnings Guidance

Share on StockTwits

Herbalife Nutrition (NYSE:HLF) updated its fourth quarter 2018 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.50-0.60 for the period, compared to the Thomson Reuters consensus estimate of $0.68. The company issued revenue guidance of $1.164-1.208 billion, compared to the consensus revenue estimate of $1.21 billion.Herbalife Nutrition also updated its FY 2018 guidance to $2.74-2.84 EPS.

A number of research firms have recently commented on HLF. Pivotal Research reiterated a buy rating and issued a $75.00 price objective on shares of Herbalife Nutrition in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Herbalife Nutrition from a hold rating to a buy rating and set a $59.00 price objective on the stock in a research note on Monday, October 15th. Jefferies Financial Group began coverage on Herbalife Nutrition in a research note on Thursday, October 11th. They issued a buy rating and a $65.00 price objective on the stock. Finally, ValuEngine upgraded Herbalife Nutrition from a hold rating to a buy rating in a research note on Tuesday, October 16th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $60.92.

Shares of Herbalife Nutrition stock traded up $0.40 during trading on Tuesday, reaching $54.69. The company’s stock had a trading volume of 1,335,881 shares, compared to its average volume of 1,847,891. The firm has a market capitalization of $8.45 billion, a PE ratio of 22.51, a PEG ratio of 1.10 and a beta of 0.67. Herbalife Nutrition has a one year low of $32.13 and a one year high of $60.41.

Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.26 billion. Herbalife Nutrition had a negative return on equity of 140.85% and a net margin of 3.61%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 earnings per share. On average, analysts predict that Herbalife Nutrition will post 2.8 earnings per share for the current year.

In related news, COO David Pezzullo sold 33,070 shares of Herbalife Nutrition stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $55.64, for a total transaction of $1,840,014.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alan L. Hoffman sold 55,576 shares of Herbalife Nutrition stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $57.50, for a total value of $3,195,620.00. The disclosure for this sale can be found here. Insiders sold 205,961 shares of company stock worth $11,578,487 over the last quarter. 6.19% of the stock is currently owned by corporate insiders.

Herbalife Nutrition Company Profile

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.

Recommended Story: Retained Earnings

Earnings History and Estimates for Herbalife Nutrition (NYSE:HLF)

Receive News & Ratings for Herbalife Nutrition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife Nutrition and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply