Herbalife Nutrition Ltd (NYSE:HLF) – Equities researchers at SunTrust Banks dropped their Q1 2019 earnings estimates for Herbalife Nutrition in a note issued to investors on Wednesday, February 20th. SunTrust Banks analyst M. Swartz now anticipates that the company will earn $0.69 per share for the quarter, down from their previous estimate of $0.74. SunTrust Banks also issued estimates for Herbalife Nutrition’s Q2 2019 earnings at $0.89 EPS, Q3 2019 earnings at $0.83 EPS and Q4 2019 earnings at $0.79 EPS.
Get Herbalife Nutrition alerts:A number of other analysts also recently commented on the company. Argus reiterated a “buy” rating and issued a $72.00 price objective on shares of Herbalife Nutrition in a research report on Friday, January 4th. Pivotal Research reiterated a “buy” rating and issued a $62.00 price objective (down previously from $75.00) on shares of Herbalife Nutrition in a research report on Wednesday, October 31st. Royal Bank of Canada reiterated a “hold” rating on shares of Herbalife Nutrition in a research report on Friday, November 9th. Tigress Financial reiterated a “buy” rating on shares of Herbalife Nutrition in a research report on Friday, November 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $65.00 price objective on shares of Herbalife Nutrition in a research report on Thursday, November 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $62.36.
Shares of HLF stock opened at $56.13 on Thursday. Herbalife Nutrition has a 12 month low of $41.42 and a 12 month high of $61.77. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.01 and a beta of 0.37.
Herbalife Nutrition (NYSE:HLF) last announced its quarterly earnings data on Tuesday, February 19th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. Herbalife Nutrition had a negative return on equity of 71.82% and a net margin of 6.06%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $1.29 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Herbalife Nutrition by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,058,515 shares of the company’s stock worth $548,692,000 after buying an additional 103,973 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Herbalife Nutrition by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 10,058,515 shares of the company’s stock valued at $548,692,000 after buying an additional 103,973 shares during the period. FMR LLC boosted its position in shares of Herbalife Nutrition by 91.2% in the 2nd quarter. FMR LLC now owns 7,662,197 shares of the company’s stock worth $411,614,000 after purchasing an additional 3,654,763 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Herbalife Nutrition by 42.1% in the 3rd quarter. Renaissance Technologies LLC now owns 7,601,225 shares of the company’s stock worth $414,647,000 after purchasing an additional 2,251,900 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Herbalife Nutrition by 3.4% in the 3rd quarter. BlackRock Inc. now owns 5,698,507 shares of the company’s stock worth $310,854,000 after purchasing an additional 188,790 shares during the last quarter. 89.34% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Cost of Goods Sold (COGS)
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