Brokers Set Expectations for Nu Skin Enterprises, Inc.’s Q2 2023 Earnings (NYSE:NUS)

Nu Skin Enterprises, Inc. (NYSE:NUS – Get Rating) – Investment analysts at DA Davidson issued their Q2 2023 earnings per share (EPS) estimates for shares of Nu Skin Enterprises in a research note issued on Friday, May 19th. DA Davidson analyst L. Weiser forecasts that the company will post earnings per share of $0.53 for the quarter. DA Davidson has a “Neutral” rating and a $38.00 price objective on the stock. The consensus estimate for Nu Skin Enterprises’ current full-year earnings is $2.59 per share. DA Davidson also issued estimates for Nu Skin Enterprises’ FY2024 earnings at $3.01 EPS.

Nu Skin Enterprises (NYSE:NUS – Get Rating) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $481.50 million during the quarter, compared to analysts’ expectations of $477.49 million. Nu Skin Enterprises had a return on equity of 14.13% and a net margin of 3.68%. The firm’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS.

A number of other equities analysts have also recently commented on NUS. Jefferies Financial Group cut Nu Skin Enterprises from a “buy” rating to a “hold” rating and dropped their target price for the stock from $43.00 to $39.00 in a report on Monday, January 30th. StockNews.com assumed coverage on Nu Skin Enterprises in a report on Thursday. They issued a “hold” rating for the company. TheStreet cut Nu Skin Enterprises from a “b-” rating to a “c+” rating in a report on Wednesday, March 15th. Finally, Citigroup raised their price target on Nu Skin Enterprises from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 1st. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.33.

Nu Skin Enterprises Price Performance

Shares of Nu Skin Enterprises stock opened at $36.25 on Monday. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 23.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 2.08. The stock has a 50 day moving average price of $39.29 and a 200-day moving average price of $40.44. Nu Skin Enterprises has a one year low of $29.95 and a one year high of $47.84.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Jane Street Group LLC raised its position in shares of Nu Skin Enterprises by 48.3% in the 1st quarter. Jane Street Group LLC now owns 46,109 shares of the company’s stock worth $1,813,000 after acquiring an additional 15,017 shares in the last quarter. State Street Corp raised its position in shares of Nu Skin Enterprises by 39.4% in the 1st quarter. State Street Corp now owns 10,296,735 shares of the company’s stock worth $404,765,000 after acquiring an additional 2,912,086 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Nu Skin Enterprises by 0.3% in the 1st quarter. Geode Capital Management LLC now owns 1,005,371 shares of the company’s stock worth $39,521,000 after acquiring an additional 3,246 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Nu Skin Enterprises by 13.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 152,665 shares of the company’s stock worth $6,001,000 after acquiring an additional 18,520 shares in the last quarter. Finally, Aristotle Capital Boston LLC grew its stake in Nu Skin Enterprises by 3.2% during the 1st quarter. Aristotle Capital Boston LLC now owns 766,142 shares of the company’s stock worth $30,117,000 after buying an additional 23,939 shares during the last quarter. 93.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Andrew D. Lipman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $39.29, for a total transaction of $78,580.00. Following the completion of the sale, the director now directly owns 62,393 shares of the company’s stock, valued at approximately $2,451,420.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Nu Skin Enterprises news, insider Steven Keith Hatchett sold 21,155 shares of Nu Skin Enterprises stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $39.78, for a total transaction of $841,545.90. Following the completion of the sale, the insider now directly owns 58,368 shares of the company’s stock, valued at approximately $2,321,879.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew D. Lipman sold 2,000 shares of Nu Skin Enterprises stock in a transaction on Monday, March 27th. The shares were sold at an average price of $39.29, for a total value of $78,580.00. Following the sale, the director now directly owns 62,393 shares of the company’s stock, valued at $2,451,420.97. The disclosure for this sale can be found here. In the last three months, insiders sold 91,370 shares of company stock valued at $3,696,764. Insiders own 2.00% of the company’s stock.

Nu Skin Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 7th. Investors of record on Friday, May 26th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, May 25th. Nu Skin Enterprises’s dividend payout ratio is currently 101.30%.

Nu Skin Enterprises Company Profile

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Nu Skin Enterprises, Inc is a holding company, which engages in the development and distribution of beauty and wellness solutions. It operates through the following segments: Mainland China, Americas, South Korea, Southeast Asia/Pacific, EMEA, Japan, Hong Kong/Taiwan, Nu Skin Other, Manufacturing, and Rhyz Other.