Q3 2024 EPS Estimates for Herbalife Ltd. (NYSE:HLF) Lowered by Analyst

Herbalife Ltd. (NYSE:HLF) – Research analysts at B. Riley dropped their Q3 2024 earnings per share (EPS) estimates for shares of Herbalife in a research note issued to investors on Thursday, May 2nd. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings per share of $0.45 for the quarter, down from their prior forecast of $0.48. The consensus estimate for Herbalife’s current full-year earnings is $1.68 per share. B. Riley also issued estimates for Herbalife’s Q4 2024 earnings at $0.17 EPS.

A number of other research firms also recently issued reports on HLF. Bank of America cut their target price on shares of Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a research report on Thursday, March 21st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Mizuho decreased their price objective on shares of Herbalife from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Finally, DA Davidson reiterated a “neutral” rating and issued a $9.50 target price on shares of Herbalife in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Herbalife has an average rating of “Hold” and a consensus price target of $10.50.

Herbalife Stock Up 2.1 %

Shares of HLF opened at $9.58 on Friday. The stock’s fifty day simple moving average is $8.82 and its 200-day simple moving average is $11.55. The firm has a market capitalization of $957.71 million, a PE ratio of 6.99 and a beta of 1.24. Herbalife has a 12-month low of $6.68 and a 12-month high of $19.48.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.12. Herbalife had a negative return on equity of 19.97% and a net margin of 2.70%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. PEAK6 Investments LLC bought a new stake in Herbalife in the 3rd quarter valued at $146,000. DGS Capital Management LLC bought a new stake in shares of Herbalife in the fourth quarter valued at about $165,000. Hollencrest Capital Management boosted its position in shares of Herbalife by 21.3% in the first quarter. Hollencrest Capital Management now owns 17,100 shares of the company’s stock valued at $172,000 after acquiring an additional 3,000 shares during the period. SG Americas Securities LLC acquired a new position in shares of Herbalife in the fourth quarter valued at about $184,000. Finally, Corton Capital Inc. increased its position in Herbalife by 10.2% during the third quarter. Corton Capital Inc. now owns 17,849 shares of the company’s stock worth $250,000 after acquiring an additional 1,654 shares during the period.

Insiders Place Their Bets

In other news, CEO Michael Johnson bought 61,725 shares of the stock in a transaction on Friday, February 16th. The stock was purchased at an average price of $8.07 per share, for a total transaction of $498,120.75. Following the acquisition, the chief executive officer now owns 603,707 shares in the company, valued at $4,871,915.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Herbalife news, CEO Michael Johnson acquired 61,725 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were acquired at an average price of $8.07 per share, with a total value of $498,120.75. Following the completion of the transaction, the chief executive officer now directly owns 603,707 shares in the company, valued at approximately $4,871,915.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Henry C. Wang bought 2,778 shares of Herbalife stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $9.30 per share, with a total value of $25,835.40. Following the acquisition, the executive vice president now directly owns 176,194 shares of the company’s stock, valued at approximately $1,638,604.20. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 85,757 shares of company stock worth $723,278. Company insiders own 0.94% of the company’s stock.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.