Herbalife Nutrition (NYSE:HLF) Releases FY 2022 Earnings Guidance

Herbalife Nutrition (NYSE:HLF – Get Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.50-$4.00 for the period. The company issued revenue guidance of $5.22 billion-$5.57 billion.Herbalife Nutrition also updated its Q2 2022 guidance to $0.60-$0.80 EPS.

Shares of Herbalife Nutrition stock traded down $0.87 on Tuesday, reaching $22.72. 28,493 shares of the company were exchanged, compared to its average volume of 1,408,860. The stock’s 50 day moving average price is $30.60 and its 200-day moving average price is $37.66. The company has a market cap of $2.46 billion, a P/E ratio of 6.32 and a beta of 1.07. Herbalife Nutrition has a 1-year low of $23.51 and a 1-year high of $55.78.

Herbalife Nutrition (NYSE:HLF – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.09. Herbalife Nutrition had a negative return on equity of 33.49% and a net margin of 7.06%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business earned $1.42 earnings per share. The firm’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, equities research analysts expect that Herbalife Nutrition will post 3.5 EPS for the current year.

A number of brokerages have weighed in on HLF. B. Riley reduced their price objective on Herbalife Nutrition from $50.00 to $41.00 in a research note on Wednesday, May 4th. Jefferies Financial Group cut Herbalife Nutrition from a buy rating to a hold rating and cut their price target for the stock from $60.00 to $26.00 in a research note on Wednesday, May 4th. StockNews.com upgraded Herbalife Nutrition from a hold rating to a buy rating in a research note on Sunday, April 10th. Zacks Investment Research cut Herbalife Nutrition from a hold rating to a strong sell rating in a research note on Friday. Finally, Citigroup cut their price target on Herbalife Nutrition from $46.00 to $36.00 in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $39.50.

Large investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. raised its position in Herbalife Nutrition by 50.0% in the first quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock worth $128,000 after acquiring an additional 1,415 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in Herbalife Nutrition in the fourth quarter worth $211,000. Envestnet Asset Management Inc. raised its position in Herbalife Nutrition by 6.5% in the first quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the company’s stock worth $374,000 after acquiring an additional 747 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Herbalife Nutrition by 15.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 46,056 shares of the company’s stock worth $1,885,000 after acquiring an additional 6,023 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Herbalife Nutrition by 0.3% in the fourth quarter. Legal & General Group Plc now owns 177,023 shares of the company’s stock worth $7,246,000 after acquiring an additional 448 shares in the last quarter.

About Herbalife Nutrition (Get Rating)

Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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