LifeVantage (NASDAQ:LFVN) Releases FY 2022 Earnings Guidance

LifeVantage (NASDAQ:LFVN) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $0.830-$0.870 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.850. The company issued revenue guidance of $225 million-$235 million, compared to the consensus revenue estimate of $225 million.

Shares of LFVN traded down $0.16 during mid-day trading on Thursday, hitting $7.10. 38,329 shares of the stock were exchanged, compared to its average volume of 96,785. The company has a market cap of $93.98 million, a PE ratio of 7.24 and a beta of 1.35. LifeVantage has a 52-week low of $6.38 and a 52-week high of $11.42. The firm has a 50-day moving average of $6.95 and a two-hundred day moving average of $7.38.

LifeVantage (NASDAQ:LFVN) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. LifeVantage had a net margin of 6.29% and a return on equity of 37.97%. The company had revenue of $53.22 million for the quarter. During the same period in the previous year, the company earned $0.25 EPS. On average, analysts predict that LifeVantage will post 0.85 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP increased its stake in LifeVantage by 16.0% during the third quarter. Two Sigma Advisers LP now owns 18,900 shares of the company’s stock worth $128,000 after acquiring an additional 2,600 shares during the last quarter. Bank of America Corp DE increased its position in shares of LifeVantage by 10.4% during the 2nd quarter. Bank of America Corp DE now owns 26,146 shares of the company’s stock valued at $192,000 after purchasing an additional 2,467 shares during the last quarter. Royal Bank of Canada raised its holdings in LifeVantage by 17.8% during the 2nd quarter. Royal Bank of Canada now owns 26,535 shares of the company’s stock valued at $195,000 after buying an additional 4,002 shares during the period. Citadel Advisors LLC lifted its position in LifeVantage by 86.1% in the second quarter. Citadel Advisors LLC now owns 82,979 shares of the company’s stock worth $610,000 after buying an additional 38,399 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in LifeVantage by 2.5% during the third quarter. Geode Capital Management LLC now owns 111,879 shares of the company’s stock valued at $757,000 after acquiring an additional 2,684 shares during the last quarter. Institutional investors own 40.68% of the company’s stock.

LifeVantage Company Profile

LifeVantage Corp. engages in the identification, research, development and distribution of advanced nutraceutical dietary supplements and personal care products. The firm operates through the following geographical segments: Americas Region and Asia/Pacific and Europe Region. Its products include Protandim, LifeVantage Omega+ and ProBio, TrueScience and Petandim for dogs.

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