Herbalife (HLF) Announces Quarterly Results
Herbalife (NYSE:HLF) announced its earnings results on Monday. The company reported $1.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.57 by $0.02, AnalystRatingsNetwork.com reports. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Herbalife updated its FY14 guidance to $6.17-6.32 EPS and its Q3 guidance to $1.49-1.53 EPS.
In other Herbalife news, Director Leroy Jr. Barnes sold 18,625 shares of Herbalife stock on the open market in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $64.45, for a total transaction of $1,200,381.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on HLF shares. Analysts at Zacks upgraded shares of Herbalife from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 10th. They now have a $66.20 price target on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Herbalife in a research note on Tuesday, April 29th. They now have a $73.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $86.89.
Herbalife (NYSE:HLF) traded up 2.15% during mid-day trading on Monday, hitting $67.48. 5,988,439 shares of the company’s stock traded hands. Herbalife has a 1-year low of $49.35 and a 1-year high of $83.51. The stock has a 50-day moving average of $64.15 and a 200-day moving average of $63.40. The company has a market cap of $6.620 billion and a price-to-earnings ratio of 14.44.
Herbalife Ltd. is a global nutrition company. The Company sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products.
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