Nu Skin Enterprises, Inc. (NYSE:NUS – Get Rating) – Equities researchers at Jefferies Financial Group cut their Q3 2022 earnings estimates for Nu Skin Enterprises in a report released on Tuesday, April 19th. Jefferies Financial Group analyst S. Wissink now expects that the company will earn $1.04 per share for the quarter, down from their previous forecast of $1.06. Jefferies Financial Group also issued estimates for Nu Skin Enterprises’ Q4 2022 earnings at $1.16 EPS, FY2022 earnings at $4.22 EPS, Q2 2023 earnings at $1.36 EPS, Q3 2023 earnings at $1.14 EPS, Q4 2023 earnings at $1.26 EPS and FY2023 earnings at $4.54 EPS.
Other research analysts also recently issued reports about the company. DA Davidson lifted their price objective on Nu Skin Enterprises from $47.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, February 17th. StockNews.com initiated coverage on Nu Skin Enterprises in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded Nu Skin Enterprises from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a report on Tuesday, March 29th. Finally, TheStreet downgraded Nu Skin Enterprises from a “b” rating to a “c+” rating in a report on Friday, February 18th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Nu Skin Enterprises has an average rating of “Buy” and a consensus price target of $61.17.
Nu Skin Enterprises (NYSE:NUS – Get Rating) last issued its quarterly earnings data on Wednesday, February 16th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.16. Nu Skin Enterprises had a return on equity of 23.39% and a net margin of 5.46%. The company had revenue of $673.44 million for the quarter, compared to analyst estimates of $655.93 million. During the same quarter last year, the company posted $1.40 earnings per share. The business’s quarterly revenue was down 10.0% compared to the same quarter last year.
Several large investors have recently made changes to their positions in the business. Inspire Investing LLC acquired a new stake in shares of Nu Skin Enterprises in the first quarter valued at approximately $777,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Nu Skin Enterprises by 19.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,577 shares of the company’s stock worth $315,000 after buying an additional 1,091 shares in the last quarter. Nordea Investment Management AB boosted its stake in Nu Skin Enterprises by 4.6% in the 1st quarter. Nordea Investment Management AB now owns 123,029 shares of the company’s stock worth $5,910,000 after purchasing an additional 5,427 shares during the period. Norges Bank acquired a new position in Nu Skin Enterprises in the 4th quarter worth approximately $23,843,000. Finally, Walleye Capital LLC acquired a new position in Nu Skin Enterprises in the 4th quarter worth approximately $1,345,000. Institutional investors own 80.57% of the company’s stock.
In other Nu Skin Enterprises news, Director Andrew D. Lipman sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $53.27, for a total value of $53,270.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan S. Napierski sold 25,000 shares of the company’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $47.40, for a total transaction of $1,185,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,000 shares of company stock valued at $1,336,170. 4.00% of the stock is owned by corporate insiders.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 9th. Investors of record on Monday, February 28th were given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 3.24%. This is a boost from Nu Skin Enterprises’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 25th. Nu Skin Enterprises’s dividend payout ratio is 54.04%.
About Nu Skin Enterprises (Get Rating)
Nu Skin Enterprises, Inc develops and distributes beauty and wellness products worldwide. It provides skin care systems, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems, and ageLOC LumiSpa skin treatment and cleansing devices; and ageLOC Boost, as well as a range of other cosmetic and personal care products.
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