Herbalife Ltd. (NYSE:HLF) Expected to Post Q2 2024 Earnings of $0.37 Per Share

Herbalife Ltd. (NYSE:HLF) – Equities researchers at B. Riley cut their Q2 2024 EPS estimates for Herbalife in a report released on Thursday, May 2nd. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings of $0.37 per share for the quarter, down from their prior estimate of $0.54. The consensus estimate for Herbalife’s current full-year earnings is $1.69 per share. B. Riley also issued estimates for Herbalife’s FY2024 earnings at $1.48 EPS and FY2025 earnings at $2.04 EPS.

A number of other equities analysts also recently weighed in on HLF. Mizuho dropped their target price on shares of Herbalife from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. DA Davidson reaffirmed a “neutral” rating and set a $9.50 price objective on shares of Herbalife in a report on Thursday, May 2nd. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Finally, Bank of America cut their price target on Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.50.

Herbalife Stock Up 1.6 %

Herbalife stock opened at $9.73 on Monday. The stock has a market capitalization of $972.69 million, a price-to-earnings ratio of 7.10 and a beta of 1.24. Herbalife has a 12-month low of $6.68 and a 12-month high of $19.48. The stock has a 50-day simple moving average of $8.84 and a 200 day simple moving average of $11.49.

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

Insider Buying and Selling

In related news, EVP Henry C. Wang purchased 2,778 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of $9.30 per share, with a total value of $25,835.40. Following the purchase, the executive vice president now directly owns 176,194 shares in the company, valued at approximately $1,638,604.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Herbalife news, Director Donal L. Mulligan bought 30,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $9.65 per share, with a total value of $289,500.00. Following the completion of the purchase, the director now owns 60,000 shares in the company, valued at $579,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Henry C. Wang acquired 2,778 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of $9.30 per share, for a total transaction of $25,835.40. Following the acquisition, the executive vice president now directly owns 176,194 shares in the company, valued at $1,638,604.20. The disclosure for this purchase can be found here. Insiders purchased a total of 115,757 shares of company stock valued at $1,012,778 over the last three months. Company insiders own 0.94% of the company’s stock.

Institutional Trading of Herbalife

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of Herbalife by 164.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,288,198 shares of the company’s stock worth $19,658,000 after buying an additional 801,644 shares in the last quarter. Iridian Asset Management LLC CT grew its stake in shares of Herbalife by 49.1% during the 4th quarter. Iridian Asset Management LLC CT now owns 1,468,636 shares of the company’s stock worth $22,411,000 after acquiring an additional 483,635 shares in the last quarter. Perpetual Ltd acquired a new stake in shares of Herbalife in the first quarter valued at approximately $4,013,000. Armistice Capital LLC bought a new stake in shares of Herbalife in the fourth quarter worth $5,799,000. Finally, Federated Hermes Inc. boosted its holdings in Herbalife by 6,949,960.0% during the third quarter. Federated Hermes Inc. now owns 347,503 shares of the company’s stock worth $4,862,000 after purchasing an additional 347,498 shares during the last quarter.

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.