Nu Skin Enterprises, Inc. (NYSE:NUS) Declares $0.06 Quarterly Dividend

Nu Skin Enterprises, Inc. (NYSE:NUS) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, May 31st will be given a dividend of 0.06 per share on Wednesday, June 12th. This represents a $0.24 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, May 31st.

Nu Skin Enterprises has increased its dividend payment by an average of 1.3% per year over the last three years and has increased its dividend annually for the last 23 consecutive years.

Nu Skin Enterprises Price Performance

Shares of Nu Skin Enterprises stock traded up $0.16 on Friday, hitting $12.94. 281,105 shares of the company were exchanged, compared to its average volume of 726,813. The stock has a market capitalization of $639.49 million, a price-to-earnings ratio of 71.73 and a beta of 1.13. The company has a 50-day moving average price of $12.66 and a 200 day moving average price of $15.87. Nu Skin Enterprises has a 1-year low of $11.73 and a 1-year high of $37.78. The company has a quick ratio of 1.28, a current ratio of 2.13 and a debt-to-equity ratio of 0.58.

Nu Skin Enterprises (NYSE:NUS) last issued its earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. The business had revenue of $417.31 million for the quarter, compared to analysts’ expectations of $426.55 million. Nu Skin Enterprises had a return on equity of 10.73% and a net margin of 0.44%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. As a group, sell-side analysts predict that Nu Skin Enterprises will post 1.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NUS shares. DA Davidson lowered their target price on Nu Skin Enterprises from $15.50 to $12.50 and set a “neutral” rating on the stock in a report on Thursday. StockNews.com lowered shares of Nu Skin Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, February 24th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Nu Skin Enterprises presently has a consensus rating of “Hold” and an average target price of $20.83.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.