Herbalife Nutrition (NYSE:HLF – Get Rating) will be posting its quarterly earnings results after the market closes on Tuesday, August 2nd. Analysts expect Herbalife Nutrition to post earnings of $0.64 per share for the quarter. Herbalife Nutrition has set its Q2 guidance at $0.60-$0.80 EPS and its FY22 guidance at $3.50-$4.00 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
Herbalife Nutrition (NYSE:HLF – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.12. Herbalife Nutrition had a negative return on equity of 33.49% and a net margin of 7.06%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm posted $1.42 earnings per share. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, analysts expect Herbalife Nutrition to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Herbalife Nutrition Price Performance
Shares of HLF opened at $23.38 on Tuesday. Herbalife Nutrition has a 1 year low of $19.30 and a 1 year high of $54.45. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 6.27 and a beta of 1.06. The business has a 50-day moving average of $22.27 and a 200-day moving average of $30.44.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on HLF shares. Citigroup lowered their price objective on Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday, May 4th. Argus downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. B. Riley lowered their price objective on Herbalife Nutrition from $50.00 to $41.00 in a research report on Wednesday, May 4th. Jefferies Financial Group upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, July 12th. Finally, StockNews.com upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Monday, June 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.
Insiders Place Their Bets
In other Herbalife Nutrition news, President John Desimone bought 43,478 shares of the stock in a transaction on Wednesday, May 11th. The stock was acquired at an average cost of $21.54 per share, for a total transaction of $936,516.12. Following the completion of the acquisition, the president now owns 123,452 shares in the company, valued at approximately $2,659,156.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Herbalife Nutrition news, EVP Alan L. Hoffman acquired 4,540 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were acquired at an average price of $21.97 per share, with a total value of $99,743.80. Following the completion of the transaction, the executive vice president now owns 57,218 shares in the company, valued at $1,257,079.46. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President John Desimone acquired 43,478 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was acquired at an average cost of $21.54 per share, for a total transaction of $936,516.12. Following the transaction, the president now owns 123,452 shares of the company’s stock, valued at approximately $2,659,156.08. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 63,080 shares of company stock worth $1,372,132. 0.66% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in Herbalife Nutrition by 6.5% during the first quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the company’s stock worth $374,000 after purchasing an additional 747 shares during the period. Advisor Group Holdings Inc. increased its stake in shares of Herbalife Nutrition by 50.0% in the first quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock worth $128,000 after purchasing an additional 1,415 shares in the last quarter. Citigroup Inc. increased its stake in shares of Herbalife Nutrition by 8.9% in the first quarter. Citigroup Inc. now owns 18,413 shares of the company’s stock worth $559,000 after purchasing an additional 1,503 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Herbalife Nutrition by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,011,947 shares of the company’s stock worth $30,723,000 after purchasing an additional 17,482 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Herbalife Nutrition in the first quarter worth about $379,000.
Herbalife Nutrition Company Profile
Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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