B. Riley Analysts Reduce Earnings Estimates for Herbalife Ltd. (NYSE:HLF)

Herbalife Ltd. (NYSE:HLF) – Research analysts at B. Riley cut their Q3 2024 earnings per share (EPS) estimates for shares of Herbalife in a research report issued to clients and investors on Thursday, May 2nd. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings per share of $0.45 for the quarter, down from their prior estimate of $0.48. The consensus estimate for Herbalife’s current full-year earnings is $1.80 per share. B. Riley also issued estimates for Herbalife’s Q4 2024 earnings at $0.17 EPS.

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

Herbalife Trading Up 2.1 %

Shares of Herbalife stock opened at $9.58 on Friday. Herbalife has a 1 year low of $6.68 and a 1 year high of $19.48. The company has a market cap of $955.99 million, a P/E ratio of 6.99 and a beta of 1.24. The stock has a 50-day moving average price of $8.82 and a 200 day moving average price of $11.58.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.26 billion. Herbalife had a net margin of 2.70% and a negative return on equity of 19.66%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS.

Insider Buying and Selling at Herbalife

In related news, Director Juan Miguel Mendoza purchased 16,079 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $9.40 per share, for a total transaction of $151,142.60. Following the purchase, the director now owns 54,622 shares in the company, valued at approximately $513,446.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Herbalife news, CEO Michael Johnson acquired 61,725 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were acquired at an average cost of $8.07 per share, for a total transaction of $498,120.75. Following the completion of the purchase, the chief executive officer now owns 603,707 shares of the company’s stock, valued at approximately $4,871,915.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Juan Miguel Mendoza bought 16,079 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $9.40 per share, with a total value of $151,142.60. Following the purchase, the director now owns 54,622 shares in the company, valued at $513,446.80. The disclosure for this purchase can be found here. Insiders have purchased a total of 85,757 shares of company stock worth $723,278 over the last three months. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Herbalife

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC increased its holdings in shares of Herbalife by 3.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 26,496 shares of the company’s stock worth $404,000 after purchasing an additional 929 shares during the period. Corton Capital Inc. increased its position in shares of Herbalife by 10.2% during the third quarter. Corton Capital Inc. now owns 17,849 shares of the company’s stock valued at $250,000 after purchasing an additional 1,654 shares during the period. Swiss National Bank lifted its position in Herbalife by 1.2% in the third quarter. Swiss National Bank now owns 217,472 shares of the company’s stock worth $3,042,000 after purchasing an additional 2,500 shares during the period. Hollencrest Capital Management boosted its stake in Herbalife by 21.3% during the first quarter. Hollencrest Capital Management now owns 17,100 shares of the company’s stock worth $172,000 after buying an additional 3,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Herbalife by 35.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,584 shares of the company’s stock valued at $345,000 after buying an additional 5,922 shares during the period.

About Herbalife

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.