Herbalife Nutrition (NYSE:HLF) Updates FY 2022 Earnings Guidance - freetxp

Herbalife Nutrition (NYSE:HLF) Updates FY 2022 Earnings Guidance

Herbalife Nutrition (NYSE:HLF – Get Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.250-$4.750 for the period. The company issued revenue guidance of $5.80 billion-$6.15 billion.Herbalife Nutrition also updated its Q1 2022 guidance to $0.800-$1,000 EPS.

Several brokerages have issued reports on HLF. Zacks Investment Research raised Herbalife Nutrition from a sell rating to a hold rating in a report on Wednesday, February 23rd. StockNews.com raised Herbalife Nutrition from a hold rating to a buy rating in a report on Monday. B. Riley dropped their target price on Herbalife Nutrition from $58.00 to $50.00 in a report on Thursday, February 24th. Finally, Royal Bank of Canada lifted their target price on Herbalife Nutrition from $15.00 to $16.00 and gave the stock a sector perform rating in a report on Thursday, November 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Herbalife Nutrition currently has a consensus rating of Buy and a consensus price target of $50.17.

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Shares of NYSE HLF opened at $35.45 on Wednesday. Herbalife Nutrition has a 52 week low of $32.60 and a 52 week high of $55.78. The stock’s fifty day moving average is $41.61 and its 200 day moving average is $42.95. The stock has a market capitalization of $3.89 billion, a P/E ratio of 8.65 and a beta of 1.09.

Herbalife Nutrition (NYSE:HLF – Get Rating) last released its earnings results on Wednesday, February 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.07). Herbalife Nutrition had a net margin of 7.71% and a negative return on equity of 38.29%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The business’s revenue was down 6.6% on a year-over-year basis. Research analysts anticipate that Herbalife Nutrition will post 4.21 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA bought a new position in Herbalife Nutrition in the fourth quarter valued at about $211,000. Cubist Systematic Strategies LLC boosted its stake in shares of Herbalife Nutrition by 15.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 46,056 shares of the company’s stock valued at $1,885,000 after purchasing an additional 6,023 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Herbalife Nutrition by 0.3% during the fourth quarter. Legal & General Group Plc now owns 177,023 shares of the company’s stock valued at $7,246,000 after purchasing an additional 448 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Herbalife Nutrition by 15.0% during the fourth quarter. Nuveen Asset Management LLC now owns 269,813 shares of the company’s stock valued at $11,044,000 after purchasing an additional 35,206 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Herbalife Nutrition by 28.8% during the second quarter. Morgan Stanley now owns 317,348 shares of the company’s stock valued at $16,734,000 after purchasing an additional 70,957 shares in the last quarter.

About Herbalife Nutrition (Get Rating)

Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America, Mexico, South and Central America, Europe, Middle East, and Africa, Asia Pacific, and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.

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Earnings History and Estimates for Herbalife Nutrition (NYSE:HLF)

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