Herbalife (HLF) Scheduled to Post Quarterly Earnings on Wednesday

Herbalife (NYSE:HLF) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, February 14th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.10). The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife had a negative return on equity of 19.56% and a net margin of 2.81%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, analysts expect Herbalife to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Herbalife Stock Performance

HLF opened at $9.25 on Wednesday. Herbalife has a one year low of $6.68 and a one year high of $19.48. The business’s fifty day moving average is $8.78 and its two-hundred day moving average is $11.82. The company has a market cap of $922.56 million, a price-to-earnings ratio of 6.51 and a beta of 1.22.

Wall Street Analysts Forecast Growth

HLF has been the topic of several recent research reports. Mizuho reduced their price objective on Herbalife from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. DA Davidson reduced their price objective on Herbalife from $11.00 to $9.50 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Finally, Bank of America reduced their price objective on Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.50.

Insider Activity at Herbalife

In other news, Director Juan Miguel Mendoza purchased 16,079 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of $9.40 per share, for a total transaction of $151,142.60. Following the completion of the purchase, the director now directly owns 54,622 shares of the company’s stock, valued at approximately $513,446.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Juan Miguel Mendoza bought 16,079 shares of the stock in a transaction dated Tuesday, March 26th. The stock was acquired at an average price of $9.40 per share, for a total transaction of $151,142.60. Following the completion of the purchase, the director now owns 54,622 shares in the company, valued at $513,446.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Johnson bought 61,725 shares of the stock in a transaction dated Friday, February 16th. The stock was bought at an average price of $8.07 per share, with a total value of $498,120.75. Following the purchase, the chief executive officer now owns 603,707 shares of the company’s stock, valued at approximately $4,871,915.49. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 85,757 shares of company stock worth $723,278. 0.94% of the stock is currently owned by insiders.

About Herbalife

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.