Herbalife (NYSE:HLF – Get Free Report) released its quarterly earnings data on Monday. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02, FiscalAI reports. Herbalife had a net margin of 3.16% and a negative return on equity of 43.90%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion.
Herbalife Stock Performance
NYSE HLF traded up $0.36 during trading hours on Monday, reaching $13.41. The company’s stock had a trading volume of 1,839,685 shares, compared to its average volume of 1,562,692. The stock has a market cap of $1.41 billion, a PE ratio of 8.65, a PEG ratio of 0.43 and a beta of 0.74. Herbalife has a fifty-two week low of $7.68 and a fifty-two week high of $20.40. The company’s 50-day moving average is $12.71 and its two-hundred day moving average is $14.01.
Analyst Ratings Changes
A number of research firms have recently issued reports on HLF. Citigroup reiterated a “buy” rating and set a $17.00 price target (down from $21.00) on shares of Herbalife in a research report on Friday, August 7th. UBS Group set a $21.00 price target on Herbalife in a report on Thursday, September 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Herbalife in a research note on Thursday, October 22nd. Zacks Research cut Herbalife from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Wall Street Zen cut Herbalife from a “buy” rating to a “hold” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Herbalife presently has an average rating of “Moderate Buy” and an average price target of $17.67.
Herbalife announced that its Board of Directors has approved a share buyback plan on Tuesday, September 8th that allows the company to buy back $250 million in shares. This repurchase authorization allows the company to reacquire up to 19.3% of its stock through open market purchases. Share repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Herbalife Company Profile
Herbalife Ltd. (NYSE: HLF) is a global nutrition and wellness company that develops and distributes products through a network of independent members and distributors. Its offerings include meal-replacement shakes, protein and other dietary supplements, vitamins, sports nutrition products, and personal-care items.
Founded in 1980 by Mark Hughes, Herbalife sells its products through direct-selling channels rather than primarily through traditional retail stores. Independent distributors market the products, provide product guidance, and may operate nutrition clubs or similar community-based businesses.
The company serves customers across numerous markets in North America, Latin America, Europe, Asia-Pacific, and other regions.
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