Herbalife LTD. (HLF) Issues Quarterly Earnings Results
Herbalife LTD. (NYSE:HLF) released its quarterly earnings results on Thursday. The company reported $0.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82, Bloomberg Earnings reports. Herbalife LTD. had a net margin of 9.28% and a return on equity of 216.82%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm earned $1.21 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Herbalife LTD. updated its FY18 guidance to $4.60-5.00 EPS.
Several research firms have weighed in on HLF. SunTrust Banks, Inc. set a $67.00 price target on shares of Herbalife LTD. and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Citigroup Inc. reissued a “hold” rating and issued a $73.00 price objective (up from $71.00) on shares of Herbalife LTD. in a research note on Tuesday, October 3rd. Pivotal Research reissued a “buy” rating and issued a $120.00 price objective on shares of Herbalife LTD. in a research note on Thursday, July 20th. BidaskClub cut shares of Herbalife LTD. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Herbalife LTD. from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $83.25.
About Herbalife LTD.
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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