Herbalife Ltd. (HLF) Updates FY13 Earnings Guidance
Herbalife Ltd. (HLF) updated its FY13 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.40-4.55 for the period. Herbalife also updated its Q4 guidance to $0.97-1.01 EPS.
HLF has been the subject of a number of recent research reports. Analysts at Bank of America reiterated a buy rating on shares of Herbalife in a research note to investors on Wednesday, September 26th. They now have a $65.00 price target on the stock. On a related note, analysts at Barclays Capital reiterated an overweight rating on shares of Herbalife in a research note to investors on Friday, September 14th. They now have a $89.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a buy rating on shares of Herbalife in a research note to investors on Monday, August 20th.
Herbalife Ltd. (HLF) traded up 1.30% on Monday, hitting $50.60. Herbalife Ltd. (HLF) has a 1-year low of $42.15 and a 1-year high of $73.00. The company has a market cap of $5.659 billion and a price-to-earnings ratio of 13.46.
Herbalife last released its earnings data on Monday, October 29th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.03. Herbalife’s revenue was up 13.6% compared to the same quarter last year. Analysts expect that Herbalife Ltd. (HLF) will post $3.97 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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