Wall Street analysts forecast that Herbalife Nutrition Ltd. (NYSE:HLF) will put up $1.37 billion in gross sales for the present fiscal quarter, in accordance with Zacks. Two analysts have supplied estimates for Herbalife Nutrition’s earnings. The lowest gross sales estimate is $1.36 billion and the very best is $1.38 billion. Herbalife Nutrition posted gross sales of $1.41 billion throughout the identical quarter final yr, which suggests a detrimental yr over yr development charge of two.8%. The firm is predicted to challenge its subsequent quarterly earnings report after the market closes on Wednesday, February twenty third.
On common, analysts anticipate that Herbalife Nutrition will report full yr gross sales of $5.85 billion for the present yr, with estimates starting from $5.84 billion to $5.86 billion. For the following fiscal yr, analysts anticipate that the enterprise will report gross sales of $5.77 billion, with estimates starting from $5.73 billion to $5.82 billion. Zacks’ gross sales calculations are a imply common based mostly on a survey of sell-side analysts that that present protection for Herbalife Nutrition.
HLF has been the subject of a number of latest analysis experiences. Zacks Investment Research lowered Herbalife Nutrition from a “maintain” ranking to a “promote” ranking in a report on Wednesday, January fifth. Royal Bank of Canada lifted their worth goal on Herbalife Nutrition from $15.00 to $16.00 and gave the corporate a “sector carry out” ranking in a report on Thursday, November 18th. One analyst has rated the inventory with a promote ranking, one has given a maintain ranking and 4 have issued a purchase ranking to the corporate. According to MarketBeat.com, the corporate presently has a consensus ranking of “Buy” and a consensus goal worth of $52.00.
Several massive buyers have not too long ago purchased and offered shares of the enterprise. Egerton Capital UK LLP acquired a brand new place in shares of Herbalife Nutrition in the course of the third quarter value roughly $94,257,000. Vanguard Group Inc. raised its place in shares of Herbalife Nutrition by 10.9% within the 2nd quarter. Vanguard Group Inc. now owns 11,231,366 shares of the corporate’s inventory valued at $592,230,000 after shopping for an extra 1,107,547 shares within the final quarter. Mason Capital Management LLC raised its place in shares of Herbalife Nutrition by 89.6% within the 2nd quarter. Mason Capital Management LLC now owns 2,094,674 shares of the corporate’s inventory valued at $110,452,000 after shopping for an extra 989,999 shares within the final quarter. Deccan Value Investors L.P. grew its holdings in shares of Herbalife Nutrition by 26.3% in the course of the third quarter. Deccan Value Investors L.P. now owns 3,745,293 shares of the corporate’s inventory valued at $158,726,000 after buying an extra 780,218 shares over the past quarter. Finally, 683 Capital Management LLC grew its holdings in shares of Herbalife Nutrition by 34.7% in the course of the third quarter. 683 Capital Management LLC now owns 1,964,097 shares of the corporate’s inventory valued at $83,238,000 after buying an extra 505,951 shares over the past quarter. 86.32% of the inventory is at the moment owned by hedge funds and different institutional buyers.
Herbalife Nutrition stock opened at $41.44 on Thursday. The agency has a market cap of $4.65 billion, a PE ratio of 9.59 and a beta of 1.03. Herbalife Nutrition has a twelve month low of $36.52 and a twelve month excessive of $59.00. The agency’s 50 day transferring common worth is $41.43 and its two-hundred day transferring common worth is $44.32.
Herbalife Nutrition Company Profile
Herbalife Nutrition Ltd. is a holding firm, which engages within the growth and sale of diet options. It operates by the next segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The firm was based by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.
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