Herbalife Ltd. (HLF) Updates FY14 Earnings Guidance
Herbalife Ltd. (NYSE:HLF) updated its FY14 earnings guidance on Monday. The company provided earnings per share guidance of $6.17-6.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.30, AR Network reports. The company issued revenue guidance of +8.5-10.5% ~$5.24-5.33 billion, compared to the consensus revenue estimate of $5.38 billion.Herbalife also updated its Q3 guidance to $1.49-1.53 EPS.
Herbalife Ltd. (NYSE:HLF) traded up 2.15% on Monday, hitting $67.48. The stock had a trading volume of 5,978,294 shares. Herbalife Ltd. has a 52 week low of $49.35 and a 52 week high of $83.51. The stock’s 50-day moving average is $64.15 and its 200-day moving average is $63.40. The company has a market cap of $6.620 billion and a P/E ratio of 14.44.
Herbalife (NYSE:HLF) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.57 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company posted $1.41 earnings per share. Herbalife’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Herbalife Ltd. will post $6.30 earnings per share for the current fiscal year.
A number of research firms have recently commented on HLF. 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 analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $86.89.
In other Herbalife news, Director Leroy Jr. Barnes unloaded 18,625 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $64.45, for a total value of $1,200,381.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.