LifeVantage (NASDAQ:LFVN) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

LifeVantage (NASDAQ:LFVN) announced its earnings results on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08, Zacks reports. LifeVantage had a net margin of 2.11% and a return on equity of 29.24%.

LifeVantage Price Performance

LFVN opened at $20.74 on Friday. The company’s 50 day simple moving average is $19.14 and its 200-day simple moving average is $13.66. LifeVantage has a one year low of $5.22 and a one year high of $27.38. The stock has a market capitalization of $259.70 million, a P/E ratio of 64.22 and a beta of 0.84.

LifeVantage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.04 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.77%. LifeVantage’s payout ratio is 50.00%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Craig Hallum started coverage on shares of LifeVantage in a research note on Tuesday, January 14th. They issued a “buy” rating and a $35.00 target price for the company. Lake Street Capital began coverage on LifeVantage in a research report on Thursday, December 19th. They issued a “buy” rating and a $26.00 price objective for the company.

LifeVantage Company Profile

LifeVantage Corporation engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath and body, and targeted relief products. It offers Protandim, a dietary supplement; LifeVantage Omega+, a dietary supplement that combines DHA and EPA Omega-3 fatty acids, Omega-7 fatty acids, and vitamin D3; LifeVantage ProBio, a dietary supplement to support gut health; PhysIQ, a weight management system; LifeVantage IC Bright, a supplement to support eye and brain health, reduce eye fatigue and strain, supports cognitive functions, and support normal sleep patterns; Petandim for Dogs, a supplement to combat oxidative stress in dogs; and Axio, a nootropic energy drink mix.