Herbalife (HLF) to Release Quarterly Earnings on Wednesday

Herbalife (NYSE:HLF) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Herbalife has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.33 billion. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. On average, analysts expect Herbalife to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Herbalife Trading Down 2.6 %

Herbalife stock opened at $6.73 on Monday. The company has a market capitalization of $672.78 million, a P/E ratio of 4.91, a P/E/G ratio of 0.26 and a beta of 1.19. Herbalife has a 1-year low of $6.59 and a 1-year high of $15.66. The firm’s fifty day simple moving average is $7.43 and its 200-day simple moving average is $9.33.

Insiders Place Their Bets

In other news, Director Juan Miguel Mendoza acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $8.72 per share, for a total transaction of $87,200.00. Following the completion of the acquisition, the director now owns 110,000 shares in the company, valued at $959,200. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.94% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HLF has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Herbalife from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. DA Davidson upped their price target on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Citigroup reduced their target price on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday. Finally, B. Riley increased their price objective on shares of Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Herbalife currently has a consensus rating of “Hold” and an average price target of $12.50.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.