Herbalife LTD. (HLF) Posts Quarterly Earnings Results, Beats Estimates By $0.41 EPS
Herbalife LTD. (NYSE:HLF) issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41, Bloomberg Earnings reports. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 EPS. Herbalife LTD. updated its FY17 guidance to 4.30-4.70 EPS.
Herbalife LTD. (HLF) traded down 0.42% during midday trading on Friday, reaching $61.95. The company’s stock had a trading volume of 772,349 shares. The firm has a market capitalization of $5.59 billion, a PE ratio of 13.03 and a beta of 1.20. The stock’s 50-day moving average price is $68.50 and its 200 day moving average price is $64.45. Herbalife LTD. has a 1-year low of $47.62 and a 1-year high of $74.49.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Boston Investment Management Inc. boosted its position in Herbalife LTD. by 5.4% in the first quarter. Eagle Boston Investment Management Inc. now owns 104,169 shares of the company’s stock valued at $6,056,000 after buying an additional 5,379 shares during the last quarter. Sei Investments Co. boosted its position in Herbalife LTD. by 6.6% in the first quarter. Sei Investments Co. now owns 12,845 shares of the company’s stock valued at $747,000 after buying an additional 797 shares during the last quarter. Karp Capital Management Corp bought a new position in Herbalife LTD. during the first quarter valued at approximately $1,371,000. UBS Asset Management Americas Inc. boosted its position in Herbalife LTD. by 7.8% in the first quarter. UBS Asset Management Americas Inc. now owns 59,529 shares of the company’s stock valued at $3,461,000 after buying an additional 4,294 shares during the last quarter. Finally, World Asset Management Inc bought a new position in Herbalife LTD. during the first quarter valued at approximately $227,000.
A number of equities research analysts recently weighed in on HLF shares. Tigress Financial started coverage on Herbalife LTD. in a research note on Monday, April 24th. They set a “buy” rating for the company. Zacks Investment Research upgraded Herbalife LTD. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Pivotal Research decreased their price objective on Herbalife LTD. from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, May 5th. Citigroup Inc. upped their price objective on Herbalife LTD. from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 31st. Finally, ValuEngine upgraded Herbalife LTD. from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Herbalife LTD. has an average rating of “Buy” and an average target price of $83.00.
About Herbalife LTD.
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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