Herbalife Ltd. (HLF) Issues Q4 Earnings Guidance
Herbalife Ltd. (HLF) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.02-1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.01. The company issued revenue guidance of +19.9% to ~$1.06 billion, compared to the consensus revenue estimate of $1.04 billion.
HLF has been the subject of a number of recent research reports. Analysts at Barclays Capital cut their price target on shares of Herbalife from $89.00 to $60.00 in a research note to investors on Friday, January 11th. They now have an overweight rating on the stock. On a related note, analysts at DA Davidson reiterated a buy rating on shares of Herbalife in a research note to investors on Friday, January 11th. They now have a $72.00 price target on the stock. Finally, analysts at Janney Capital downgraded shares of Herbalife from a buy rating to a neutral rating in a research note to investors on Friday, January 11th.
Seven equities research analysts have rated the stock with a buy rating, and three have given a hold rating to the stock. The company currently has an average rating of overweight and a consensus target price of $62.29.
Herbalife Ltd. (HLF) opened at 45.06 on Thursday. Herbalife Ltd. (HLF) has a 52-week low of $24.24 and a 52-week high of $73.00. The stock’s 50-day moving average is currently $39.92. The company has a market cap of $4.867 billion and a price-to-earnings ratio of 11.65.
Herbalife last posted its quarterly earnings results on Monday, October 29th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.03. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $996.96 million. Herbalife’s revenue was up 13.6% compared to the same quarter last year. Herbalife has set its Q4 guidance at $0.97-1.01 EPS and its FY13 guidance at $4.40-4.55 EPS. Analysts expect that Herbalife Ltd. (HLF) will post $4.03 EPS for the current fiscal year.
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.
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