Wall Street brokerages expect that Herbalife Nutrition Ltd (NYSE:HLF) will report $1.20 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Herbalife Nutrition’s earnings. The lowest sales estimate is $1.19 billion and the highest is $1.20 billion. Herbalife Nutrition posted sales of $1.09 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.1%. The business is expected to announce its next earnings report on Thursday, February 28th.

On average, analysts expect that Herbalife Nutrition will report full year sales of $4.90 billion for the current year. For the next financial year, analysts expect that the business will report sales of $5.21 billion, with estimates ranging from $5.19 billion to $5.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Herbalife Nutrition.

Herbalife Nutrition (NYSE:HLF) last issued its earnings results on Tuesday, October 30th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. Herbalife Nutrition had a net margin of 3.84% and a negative return on equity of 82.17%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. Pivotal Research restated a “buy” rating and issued a $75.00 target price on shares of Herbalife Nutrition in a research note on Thursday, October 25th. ValuEngine raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. BMO Capital Markets reaffirmed a “hold” rating on shares of Herbalife Nutrition in a report on Friday, November 9th. Zacks Investment Research reaffirmed a “strong-buy” rating and issued a $63.00 price target on shares of Herbalife Nutrition in a report on Tuesday, November 13th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Herbalife Nutrition in a report on Friday, November 9th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.42.

Shares of NYSE:HLF traded down $0.07 on Wednesday, hitting $56.47. The stock had a trading volume of 1,470,200 shares, compared to its average volume of 934,874. Herbalife Nutrition has a twelve month low of $33.22 and a twelve month high of $60.41. The company has a market capitalization of $8.83 billion, a PE ratio of 23.24, a P/E/G ratio of 1.13 and a beta of 0.72.

In related news, COO David Pezzullo sold 99,875 shares of Herbalife Nutrition stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $55.29, for a total value of $5,522,088.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.19% of the company’s stock.

Large investors have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd raised its holdings in Herbalife Nutrition by 315.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,129 shares of the company’s stock worth $116,000 after purchasing an additional 1,617 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of Herbalife Nutrition in the 3rd quarter valued at about $139,000. Point72 Hong Kong Ltd increased its stake in shares of Herbalife Nutrition by 1,979.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,890 shares of the company’s stock valued at $155,000 after acquiring an additional 2,751 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Herbalife Nutrition by 115.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,259 shares of the company’s stock valued at $176,000 after acquiring an additional 1,744 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new stake in shares of Herbalife Nutrition in the 3rd quarter valued at about $185,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

About Herbalife Nutrition

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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