USANA Health Sciences, Inc. (USNA) Updates FY17 Earnings Guidance
USANA Health Sciences, Inc. (NYSE:USNA) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of about $3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.79. The company issued revenue guidance of $1.03 billion, compared to the consensus revenue estimate of $1.03 billion.
USANA Health Sciences, Inc. (NYSE:USNA) traded up 1.47% during trading on Tuesday, hitting $61.95. The stock had a trading volume of 163,700 shares. USANA Health Sciences, Inc. has a 1-year low of $52.55 and a 1-year high of $72.95. The company has a market capitalization of $1.51 billion, a P/E ratio of 16.09 and a beta of 1.09. The stock’s 50-day moving average price is $58.59 and its 200-day moving average price is $60.42.
USANA Health Sciences (NYSE:USNA) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.08). USANA Health Sciences had a return on equity of 28.93% and a net margin of 9.47%. The firm had revenue of $257.10 million during the quarter, compared to analysts’ expectations of $273.61 million. During the same quarter in the previous year, the firm earned $2.07 earnings per share. USANA Health Sciences’s revenue was down .5% on a year-over-year basis. Analysts expect that USANA Health Sciences, Inc. will post $3.79 earnings per share for the current year.
USANA Health Sciences announced that its board has approved a share repurchase program on Tuesday, July 25th that authorizes the company to repurchase $64.60 million in shares. This repurchase authorization authorizes the company to buy up to 46% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
A number of equities research analysts have commented on USNA shares. Pivotal Research cut their target price on shares of USANA Health Sciences from $75.00 to $70.00 and set a buy rating for the company in a research report on Wednesday, July 26th. BidaskClub downgraded shares of USANA Health Sciences from a sell rating to a strong sell rating in a research report on Monday, July 31st.
In other news, Director Myron W. Wentz sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $56.59, for a total transaction of $2,263,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gilbert A. Fuller sold 1,483 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $57.67, for a total transaction of $85,524.61. Following the sale, the director now directly owns 1,483 shares of the company’s stock, valued at approximately $85,524.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 386,340 shares of company stock valued at $22,270,913. Insiders own 53.20% of the company’s stock.
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USANA Health Sciences Company Profile
USANA Health Sciences, Inc develops and manufactures science-based nutritional and personal care products. The Company operates as a direct selling company in two geographic regions: Americas and Europe, and Asia Pacific, which includes three sub-regions: Southeast Asia Pacific, Greater China and North Asia.
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