FY2024 Earnings Forecast for Herbalife Issued By B. Riley

Herbalife Ltd. (NYSE:HLF) – Research analysts at B. Riley lifted their FY2024 earnings per share (EPS) estimates for Herbalife in a research note issued on Thursday, October 31st. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings of $1.51 per share for the year, up from their previous forecast of $1.34. B. Riley has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Herbalife’s current full-year earnings is $1.51 per share. B. Riley also issued estimates for Herbalife’s Q4 2024 earnings at ($0.10) EPS.

Several other equities analysts have also recently issued reports on HLF. Mizuho boosted their price target on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. DA Davidson dropped their target price on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, October 31st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a report on Monday. Finally, Citigroup dropped their price objective on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.42.

Herbalife Stock Performance

Shares of NYSE:HLF opened at $8.21 on Monday. Herbalife has a one year low of $6.59 and a one year high of $15.66. The stock has a market capitalization of $826.98 million, a price-to-earnings ratio of 9.65, a PEG ratio of 0.27 and a beta of 1.17. The company has a 50-day simple moving average of $7.30 and a 200-day simple moving average of $9.29.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%.

Insider Activity at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 10,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was purchased at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the transaction, the director now owns 120,000 shares of the company’s stock, valued at $853,200. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 22,500 shares of company stock worth $178,250 over the last three months. 0.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HLF. GAMMA Investing LLC boosted its stake in shares of Herbalife by 465.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock worth $37,000 after acquiring an additional 2,908 shares in the last quarter. nVerses Capital LLC grew its holdings in Herbalife by 240.0% in the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after purchasing an additional 3,600 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Herbalife by 22.9% in the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after buying an additional 1,035 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of Herbalife during the 3rd quarter worth $78,000. Finally, Van ECK Associates Corp boosted its position in shares of Herbalife by 10.3% in the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after buying an additional 808 shares in the last quarter.

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.