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

Herbalife Nutrition (NYSE:HLF – Get Rating) issued an replace on its FY 2022 earnings steerage on Tuesday morning. The firm supplied earnings per share (EPS) steerage of $3.50-$4.00 for the interval. The firm issued income steerage of $5.22 billion-$5.57 billion.Herbalife Nutrition additionally up to date its Q2 2022 steerage to $0.60-$0.80 EPS.

Shares of Herbalife Nutrition stock traded down $0.87 on Tuesday, reaching $22.72. 28,493 shares of the corporate had been exchanged, in comparison with its common quantity of 1,408,860. The inventory’s 50 day transferring common worth is $30.60 and its 200-day transferring common worth is $37.66. The firm has a market cap of $2.46 billion, a P/E ratio of 6.32 and a beta of 1.07. Herbalife Nutrition has a 1-year low of $23.51 and a 1-year excessive of $55.78.

Herbalife Nutrition (NYSE:HLF – Get Rating) final issued its quarterly earnings knowledge on Tuesday, May third. The firm reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.09. Herbalife Nutrition had a damaging return on fairness of 33.49% and a web margin of seven.06%. The firm had income of $1.34 billion in the course of the quarter, in comparison with analysts’ expectations of $1.38 billion. During the identical quarter within the earlier yr, the enterprise earned $1.42 earnings per share. The agency’s income for the quarter was down 11.1% on a year-over-year foundation. On common, equities analysis analysts count on that Herbalife Nutrition will put up 3.5 EPS for the present yr.

Various brokerages have weighed in on HLF. B. Riley diminished their worth goal on Herbalife Nutrition from $50.00 to $41.00 in a analysis notice on Wednesday, May 4th. Jefferies Financial Group lower Herbalife Nutrition from a purchase ranking to a maintain ranking and lower their worth goal for the inventory from $60.00 to $26.00 in a analysis notice on Wednesday, May 4th. StockNews.com upgraded Herbalife Nutrition from a maintain ranking to a purchase ranking in a analysis notice on Sunday, April tenth. Zacks Investment Research lower Herbalife Nutrition from a maintain ranking to a robust promote ranking in a analysis notice on Friday. Finally, Citigroup lower their worth goal on Herbalife Nutrition from $46.00 to $36.00 in a analysis notice on Wednesday, May 4th. One analysis analyst has rated the inventory with a promote ranking, two have given a maintain ranking and 4 have given a purchase ranking to the corporate’s inventory. According to MarketBeat.com, the corporate has a mean ranking of Hold and a consensus worth goal of $39.50.

Large traders have not too long ago added to or diminished their stakes within the enterprise. Advisor Group Holdings Inc. raised its place in Herbalife Nutrition by 50.0% within the first quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the corporate’s inventory value $128,000 after buying a further 1,415 shares within the final quarter. Glenmede Trust Co. NA bought a brand new place in Herbalife Nutrition within the fourth quarter value $211,000. Envestnet Asset Management Inc. raised its place in Herbalife Nutrition by 6.5% within the first quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the corporate’s inventory value $374,000 after buying a further 747 shares within the final quarter. Cubist Systematic Strategies LLC raised its place in Herbalife Nutrition by 15.0% within the fourth quarter. Cubist Systematic Strategies LLC now owns 46,056 shares of the corporate’s inventory value $1,885,000 after buying a further 6,023 shares within the final quarter. Finally, Legal & General Group Plc raised its place in Herbalife Nutrition by 0.3% within the fourth quarter. Legal & General Group Plc now owns 177,023 shares of the corporate’s inventory value $7,246,000 after buying a further 448 shares within the final quarter.

About Herbalife Nutrition (Get Rating)

Herbalife Nutrition Ltd. affords vitamin options in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and remainder of Asia Pacific. The firm supplies merchandise within the areas of weight administration; focused vitamin; power, sports activities, and health; and outer vitamin.

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