Herbalife LTD. (HLF) Updates FY18 Earnings Guidance
Herbalife LTD. (NYSE:HLF) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.60-5.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.56.
Herbalife LTD. (NYSE:HLF) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.41. Herbalife LTD. had a net margin of 9.28% and a return on equity of 216.82%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $1.29 EPS. Herbalife LTD.’s revenue for the quarter was down 4.6% on a year-over-year basis.
Several analysts recently commented on HLF shares. Pivotal Research reissued a buy rating and set a $120.00 price objective on shares of Herbalife LTD. in a research report on Thursday, July 20th. BidaskClub downgraded shares of Herbalife LTD. from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Citigroup Inc. set a $72.00 price objective on shares of Herbalife LTD. and gave the company a hold rating in a research report on Wednesday, August 2nd. SunTrust Banks, Inc. set a $67.00 price objective on shares of Herbalife LTD. and gave the company a hold rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of Herbalife LTD. from a hold rating to a buy rating and set a $73.00 price objective on the stock in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $83.25.
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Herbalife LTD. Company Profile
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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