What is B. Riley’s Forecast for Herbalife FY2024 Earnings?

Herbalife Ltd. (NYSE:HLF) – Equities researchers at B. Riley upped their FY2024 EPS estimates for Herbalife in a research report issued on Thursday, October 31st. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings per share of $1.51 for the year, up from their previous forecast of $1.34. B. Riley has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Herbalife’s current full-year earnings is $1.34 per share. B. Riley also issued estimates for Herbalife’s Q4 2024 earnings at ($0.10) EPS.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion.

Other research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday. Mizuho lifted their target price on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday. DA Davidson decreased their price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Citigroup dropped their price objective on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Herbalife has a consensus rating of “Hold” and a consensus target price of $10.42.

Herbalife Stock Performance

NYSE HLF opened at $8.23 on Monday. The company’s 50-day simple moving average is $7.31 and its two-hundred day simple moving average is $9.30. The company has a market capitalization of $829.52 million, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.29 and a beta of 1.17. Herbalife has a one year low of $6.59 and a one year high of $15.66.

Insider Buying and Selling

In other news, Director Juan Miguel Mendoza acquired 10,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were bought at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the acquisition, the director now owns 120,000 shares of the company’s stock, valued at approximately $853,200. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Herbalife

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Herbalife by 465.3% in the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after purchasing an additional 2,908 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of Herbalife by 240.0% in the 2nd quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after acquiring an additional 3,600 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Herbalife by 22.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock worth $56,000 after acquiring an additional 1,035 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in Herbalife during the third quarter worth approximately $78,000. Finally, Van ECK Associates Corp increased its stake in Herbalife by 10.3% in the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock valued at $90,000 after purchasing an additional 808 shares during the last quarter.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.