Herbalife (HLF) Scheduled to Post Earnings on Wednesday

Herbalife (NYSE:HLF) is scheduled to be issuing 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Herbalife (NYSE:HLF) last issued its quarterly earnings data 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.33 billion. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. On average, analysts expect Herbalife to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Herbalife Stock Up 3.2 %

Shares of HLF opened at $6.95 on Tuesday. The business has a fifty day moving average of $7.43 and a 200 day moving average of $9.34. The company has a market cap of $694.28 million, a PE ratio of 5.07, a P/E/G ratio of 0.26 and a beta of 1.19. Herbalife has a 52-week low of $6.59 and a 52-week high of $15.66.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. DA Davidson lifted their price target on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, B. Riley boosted their price target on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Herbalife has an average rating of “Hold” and a consensus price target of $12.50.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 10,000 shares of Herbalife stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average price of $8.72 per share, with a total value of $87,200.00. Following the completion of the purchase, the director now directly owns 110,000 shares of the company’s stock, valued at approximately $959,200. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.94% of the company’s stock.

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.