Nu Skin Enterprises, Inc. (NUS) Announces Earnings Results
Nu Skin Enterprises, Inc. (NYSE:NUS) released its quarterly earnings results on Wednesday. The company reported $0.76 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.76, Bloomberg Earnings reports. The firm had revenue of $563.70 million during the quarter, compared to analysts’ expectations of $562.70 million. Nu Skin Enterprises had a return on equity of 24.14% and a net margin of 7.53%. Nu Skin Enterprises’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Nu Skin Enterprises updated its Q4 guidance to $1.16-$1.21 EPS and its FY17 guidance to $3.20-$3.25 EPS.
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In other news, President Ryan S. Napierski sold 6,933 shares of Nu Skin Enterprises stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $64.00, for a total transaction of $443,712.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel W. Campbell sold 4,607 shares of Nu Skin Enterprises stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $62.48, for a total value of $287,845.36. Following the sale, the director now directly owns 63,753 shares in the company, valued at approximately $3,983,287.44. The disclosure for this sale can be found here. Insiders have sold a total of 19,040 shares of company stock worth $1,188,157 in the last three months. 5.20% of the stock is owned by insiders.
A number of equities analysts have weighed in on the company. TheStreet upgraded Nu Skin Enterprises from a “c+” rating to a “b” rating in a report on Wednesday, August 2nd. Stifel Nicolaus set a $50.00 price target on Nu Skin Enterprises and gave the stock a “sell” rating in a report on Thursday, August 3rd. BidaskClub cut Nu Skin Enterprises from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Bank of America Corporation upped their price target on Nu Skin Enterprises from $53.00 to $57.00 and gave the stock an “underperform” rating in a report on Monday, July 10th. Finally, Zacks Investment Research upgraded Nu Skin Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Nu Skin Enterprises has a consensus rating of “Hold” and a consensus price target of $62.00.
Nu Skin Enterprises Company Profile
Nu Skin Enterprises, Inc is a direct selling company that develops and distributes personal care products and nutritional supplements, and a range of other products and services. The Company offers anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex brands. The Nu Skin brand offers a range of products, including ageLOC Me customized skin care system, ageLOC Spa systems and ageLOC Transformation anti-aging skin care system.
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