Herbalife Ltd. (HLF) Issues Q4 Earnings Guidance
Herbalife Ltd. (NYSE:HLF) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $1.26-1.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.17, American Banking & Market News reports. The company issued revenue guidance of $1.255-1.269 billion, compared to the consensus revenue estimate of $1.22 billion.Herbalife also updated its Q1 guidance to $1.24-1.28 EPS.
A number of research firms have recently commented on HLF. Analysts at Barclays raised their price target on shares of Herbalife from $78.00 to $94.00 in a research note to investors on Tuesday, January 21st. They now have an overweight rating on the stock. On a related note, analysts at DA Davidson reiterated a buy rating on shares of Herbalife in a research note to investors on Thursday, January 2nd. They now have a $115.00 price target on the stock. Finally, analysts at S&P Equity Research downgraded shares of Herbalife to a sell rating in a research note to investors on Monday, December 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $88.79.
Shares of Herbalife Ltd. (NYSE:HLF) opened at 64.37 on Monday. Herbalife Ltd. has a 52-week low of $30.84 and a 52-week high of $83.51. The stock’s 50-day moving average is $74.59 and its 200-day moving average is $67.91. The company has a market cap of $6.502 billion and a price-to-earnings ratio of 13.69.
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.
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