Herbalife Ltd. (NYSE:HLF) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.11-1.15 for the period, compared to the Thomson Reuters consensus estimate of $1.15, AnalystRatings.NET reports. The company issued revenue guidance of $1.20-1.22 billion, compared to the consensus revenue estimate of $1.23 billion.Herbalife also updated its FY14 guidance to $5.45-5.65 EPS.
Several analysts have recently commented on the stock. Analysts at DA Davidson reiterated a buy rating on shares of Herbalife in a research note to investors on Thursday, October 3rd. They now have a $92.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of Herbalife from a neutral rating to an outperform rating in a research note to investors on Tuesday, October 1st. They now have a $74.30 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Herbalife in a research note to investors on Tuesday, September 24th. They set an overweight rating on the stock. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $72.43.
Shares of Herbalife Ltd. (NYSE:HLF) traded up 2.34% during mid-day trading on Monday, hitting $67.92. The stock had a trading volume of 3,820,402 shares. Herbalife Ltd. has a 1-year low of $24.24 and a 1-year high of $69.71. The stock’s 50-day moving average is $64.26 and its 200-day moving average is $48.57. The company has a market cap of $7.000 billion and a P/E ratio of 14.66. Herbalife also was the target of some unusual options trading on Monday. Stock traders bought 20,404 call options on the company. This represents an increase of approximately 141% compared to the average daily volume of 8,463 call options.
Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.14 by $0.27. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $1.04 earnings per share. Herbalife’s revenue was up 19.3% compared to the same quarter last year. On average, analysts predict that Herbalife Ltd. will post $4.99 earnings per share for the current fiscal year.
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.
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