Analysts Anticipate Herbalife Nutrition Ltd (HLF) to Post $0.66 Earnings Per Share

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Wall Street analysts expect Herbalife Nutrition Ltd (NYSE:HLF) to report $0.66 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Herbalife Nutrition’s earnings, with estimates ranging from $0.64 to $0.67. Herbalife Nutrition reported earnings of $0.41 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 61%. The firm is expected to issue its next earnings results after the market closes on Tuesday, October 30th.

According to Zacks, analysts expect that Herbalife Nutrition will report full year earnings of $2.80 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.84. For the next year, analysts forecast that the business will post earnings of $3.25 per share, with EPS estimates ranging from $3.10 to $3.40. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Herbalife Nutrition.

Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.12. The firm 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%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share.

A number of brokerages recently issued reports on HLF. Pivotal Research reissued a “buy” rating and set a $75.00 price target on shares of Herbalife Nutrition in a report on Thursday, August 2nd. Zacks Investment Research raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Monday. Jefferies Financial Group began coverage on shares of Herbalife Nutrition in a report on Thursday, October 11th. They set a “buy” rating and a $65.00 price target on the stock. Finally, ValuEngine raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $60.92.

Shares of NYSE HLF opened at $54.23 on Tuesday. Herbalife Nutrition has a 1 year low of $32.13 and a 1 year high of $60.41. The firm has a market cap of $8.62 billion, a P/E ratio of 21.46, a PEG ratio of 1.12 and a beta of 0.67. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of -1.87.

In related news, EVP Alan L. Hoffman sold 55,576 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $57.50, for a total transaction of $3,195,620.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO David Pezzullo sold 99,875 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $55.29, for a total transaction of $5,522,088.75. The disclosure for this sale can be found here. Insiders have sold 205,961 shares of company stock worth $11,578,487 over the last three months. 6.19% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HLF. Northern Trust Corp lifted its holdings in Herbalife Nutrition by 0.5% during the first quarter. Northern Trust Corp now owns 333,210 shares of the company’s stock valued at $32,477,000 after purchasing an additional 1,819 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Herbalife Nutrition by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 512,861 shares of the company’s stock valued at $49,988,000 after purchasing an additional 7,120 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Herbalife Nutrition by 124.4% during the first quarter. BNP Paribas Arbitrage SA now owns 1,462 shares of the company’s stock valued at $143,000 after purchasing an additional 7,461 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Herbalife Nutrition by 6.0% during the first quarter. Russell Investments Group Ltd. now owns 8,457 shares of the company’s stock valued at $824,000 after purchasing an additional 480 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in Herbalife Nutrition during the first quarter valued at $829,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

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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