Herbalife (NYSE:HLF) Posts Earnings Results, Beats Estimates By $0.38 EPS

Herbalife (NYSE:HLF) announced its earnings results on Wednesday. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38, reports. Herbalife had a net margin of 1.73% and a negative return on equity of 18.25%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Herbalife updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Herbalife Stock Up 3.7 %

NYSE:HLF traded up $0.28 during trading hours on Friday, hitting $7.83. 5,074,815 shares of the stock traded hands, compared to its average volume of 2,116,499. The stock has a 50 day moving average price of $7.31 and a 200 day moving average price of $9.29. The company has a market cap of $788.64 million, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 0.26 and a beta of 1.19. Herbalife has a 1 year low of $6.59 and a 1 year high of $15.66.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HLF. StockNews.com lowered Herbalife from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Mizuho raised their price objective on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday. DA Davidson lowered their price objective on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday. Citigroup decreased their target price on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, B. Riley reduced their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Herbalife has a consensus rating of “Hold” and an average price target of $10.42.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza purchased 10,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the purchase, the director now owns 120,000 shares of the company’s stock, valued at approximately $853,200. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Herbalife

Several hedge funds have recently modified their holdings of HLF. Mirae Asset Global Investments Co. Ltd. lifted its stake in Herbalife by 13.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,182 shares of the company’s stock worth $575,000 after purchasing an additional 6,607 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Herbalife by 24.5% during the first quarter. BNP Paribas Financial Markets now owns 100,790 shares of the company’s stock valued at $1,013,000 after buying an additional 19,862 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in Herbalife during the 1st quarter valued at approximately $1,397,000. Hollencrest Capital Management increased its stake in Herbalife by 21.3% in the 1st quarter. Hollencrest Capital Management now owns 17,100 shares of the company’s stock worth $172,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Herbalife by 2.8% during the first quarter. Sei Investments Co. now owns 278,932 shares of the company’s stock valued at $2,803,000 after purchasing an additional 7,635 shares in the last quarter.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.