B. Riley Equities Analysts Lower Earnings Estimates for Herbalife Nutrition Ltd. (NYSE:HLF)

Herbalife Nutrition Ltd. (NYSE:HLFGet Rating) – Analysts at B. Riley dropped their Q3 2022 earnings estimates for shares of Herbalife Nutrition in a report issued on Wednesday, August 3rd. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings per share of $0.74 for the quarter, down from their previous forecast of $0.81. The consensus estimate for Herbalife Nutrition’s current full-year earnings is $3.29 per share. B. Riley also issued estimates for Herbalife Nutrition’s Q4 2022 earnings at $0.83 EPS, FY2022 earnings at $3.45 EPS and FY2023 earnings at $4.24 EPS.

Several other research firms have also issued reports on HLF. Jefferies Financial Group upgraded shares of Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, July 12th. Argus lowered shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Citigroup decreased their target price on shares of Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday, May 4th. Finally, StockNews.com upgraded shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Monday, June 13th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

Herbalife Nutrition Price Performance

NYSE HLF opened at $27.83 on Thursday. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 8.43 and a beta of 1.12. The company’s fifty day moving average is $22.82 and its two-hundred day moving average is $29.56. Herbalife Nutrition has a 52-week low of $19.30 and a 52-week high of $54.45.

Herbalife Nutrition (NYSE:HLFGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.12. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. Herbalife Nutrition had a net margin of 6.21% and a negative return on equity of 27.67%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the business posted $1.42 EPS.

Institutional Investors Weigh In On Herbalife Nutrition

Institutional investors and hedge funds have recently modified their holdings of the business. Seizert Capital Partners LLC bought a new stake in Herbalife Nutrition in the second quarter valued at approximately $2,437,000. State of New Jersey Common Pension Fund D increased its stake in Herbalife Nutrition by 69.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 103,779 shares of the company’s stock valued at $2,122,000 after purchasing an additional 42,667 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Herbalife Nutrition by 27.5% in the second quarter. CIBC Private Wealth Group LLC now owns 27,308 shares of the company’s stock valued at $558,000 after purchasing an additional 5,892 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Herbalife Nutrition by 59.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,847 shares of the company’s stock valued at $99,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Sciencast Management LP increased its stake in Herbalife Nutrition by 178.5% in the second quarter. Sciencast Management LP now owns 34,217 shares of the company’s stock valued at $832,000 after purchasing an additional 21,930 shares in the last quarter.

Insider Buying and Selling at Herbalife Nutrition

In other news, Director Alan W. Lefevre purchased 5,000 shares of Herbalife Nutrition stock in a transaction on Tuesday, May 24th. The shares were purchased at an average cost of $20.60 per share, for a total transaction of $103,000.00. Following the completion of the transaction, the director now directly owns 29,984 shares in the company, valued at $617,670.40. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Herbalife Nutrition news, Director Alan W. Lefevre purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The stock was acquired at an average cost of $20.60 per share, with a total value of $103,000.00. Following the completion of the purchase, the director now directly owns 29,984 shares in the company, valued at approximately $617,670.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John O. Agwunobi purchased 4,222 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The shares were acquired at an average cost of $23.55 per share, with a total value of $99,428.10. Following the completion of the purchase, the chief executive officer now owns 134,745 shares of the company’s stock, valued at $3,173,244.75. The disclosure for this purchase can be found here. Insiders have bought a total of 63,080 shares of company stock worth $1,372,132 over the last ninety days. Corporate insiders own 0.66% of the company’s stock.

Herbalife Nutrition Company Profile

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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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Earnings History and Estimates for Herbalife Nutrition (NYSE:HLF)

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