Herbalife Nutrition (NYSE:HLF) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.70-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.28. The company issued revenue guidance of ~$5.02-5.21 billion (+2.8-6.8%), compared to the consensus revenue estimate of $5.20 billion.Herbalife Nutrition also updated its FY 2018 guidance to $2.74-2.84 EPS.
Several research firms recently weighed in on HLF. Zacks Investment Research upgraded Herbalife Nutrition from a hold rating to a buy rating and set a $65.00 price objective for the company in a report on Friday, August 3rd. Pivotal Research restated a buy rating and issued a $75.00 price objective on shares of Herbalife Nutrition in a report on Thursday, October 25th. ValuEngine upgraded Herbalife Nutrition from a hold rating to a buy rating in a report on Tuesday, October 16th. Finally, Jefferies Financial Group began coverage on Herbalife Nutrition in a report on Thursday, October 11th. They issued a buy rating and a $65.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $60.92.
HLF traded up $0.40 on Tuesday, hitting $54.69. The company had a trading volume of 1,335,881 shares, compared to its average volume of 1,847,891. Herbalife Nutrition has a 12-month low of $32.13 and a 12-month high of $60.41. The firm has a market capitalization of $8.45 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.10 and a beta of 0.67.
In other Herbalife Nutrition news, EVP Alan L. Hoffman sold 55,576 shares of Herbalife Nutrition stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $57.50, for a total value of $3,195,620.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeff Dunn sold 17,440 shares of Herbalife Nutrition stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $58.53, for a total value of $1,020,763.20. The disclosure for this sale can be found here. Insiders sold 205,961 shares of company stock worth $11,578,487 in the last quarter. 6.19% of the stock is owned by insiders.
About Herbalife Nutrition
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
Featured Story: What is a conference call?
Receive News & Ratings for Herbalife Nutrition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife Nutrition and related companies with MarketBeat.com's FREE daily email newsletter.