Herbalife LTD. (HLF) Issues Q3 Earnings Guidance
Herbalife LTD. (NYSE:HLF) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.80-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.84.
Shares of Herbalife LTD. (NYSE:HLF) opened at 67.51 on Wednesday. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 14.19 and a beta of 1.23. Herbalife LTD. has a 52-week low of $47.62 and a 52-week high of $74.49. The firm has a 50-day moving average of $67.74 and a 200 day moving average of $67.14.
Herbalife LTD. (NYSE:HLF) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the business earned $1.29 EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts predict that Herbalife LTD. will post $4.71 EPS for the current year.
A number of analysts have recently issued reports on the stock. SunTrust Banks, Inc. set a $67.00 target price on shares of Herbalife LTD. and gave the stock a hold rating in a research note on Wednesday, August 2nd. Citigroup Inc. reiterated a hold rating and issued a $73.00 price target (up previously from $71.00) on shares of Herbalife LTD. in a research note on Tuesday. Pivotal Research reiterated a buy rating and issued a $120.00 price target on shares of Herbalife LTD. in a research note on Tuesday. Zacks Investment Research lowered shares of Herbalife LTD. from a buy rating to a hold rating in a research note on Wednesday. Finally, BidaskClub cut shares of Herbalife LTD. from a buy rating to a hold rating in a report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $83.25.
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Herbalife LTD. Company Profile
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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