B. Riley Analysts Decrease Earnings Estimates for Herbalife Ltd. (NYSE:HLF)

Herbalife Ltd. (NYSE:HLF) – Equities research analysts at B. Riley cut their Q2 2024 EPS estimates for shares of Herbalife in a research report issued to clients and investors on Thursday, May 2nd. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings of $0.37 per share for the quarter, down from their previous estimate of $0.54. The consensus estimate for Herbalife’s current full-year earnings is $1.69 per share. B. Riley also issued estimates for Herbalife’s FY2024 earnings at $1.48 EPS and FY2025 earnings at $2.04 EPS.

A number of other research analysts also recently commented on HLF. Bank of America dropped their price objective on shares of Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a research note on Thursday, March 21st. DA Davidson reissued a “neutral” rating and set a $9.50 price objective on shares of Herbalife in a research note on Thursday, May 2nd. Mizuho dropped their price objective on Herbalife from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Finally, StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.50.

Herbalife Trading Up 1.6 %

NYSE HLF opened at $9.73 on Monday. The company has a market capitalization of $972.69 million, a PE ratio of 7.10 and a beta of 1.24. The business’s 50-day moving average price is $8.84 and its 200 day moving average price is $11.49. Herbalife has a twelve month low of $6.68 and a twelve month high of $19.48.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12. Herbalife had a net margin of 2.70% and a negative return on equity of 19.97%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. PEAK6 Investments LLC acquired a new position in Herbalife during the 3rd quarter worth $146,000. DGS Capital Management LLC bought a new stake in shares of Herbalife during the 4th quarter worth about $165,000. Hollencrest Capital Management lifted its stake in shares of 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 period. SG Americas Securities LLC bought a new position in shares of Herbalife in the fourth quarter valued at approximately $184,000. Finally, Corton Capital Inc. raised its holdings in Herbalife by 10.2% during the third quarter. Corton Capital Inc. now owns 17,849 shares of the company’s stock worth $250,000 after purchasing an additional 1,654 shares in the last quarter.

Insiders Place Their Bets

In other news, Director Donal L. Mulligan purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $9.65 per share, with a total value of $289,500.00. Following the purchase, the director now directly owns 60,000 shares of the company’s stock, valued at approximately $579,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Henry C. Wang acquired 2,778 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $9.30 per share, with a total value of $25,835.40. Following the completion of the acquisition, the executive vice president now directly owns 176,194 shares in the company, valued at $1,638,604.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donal L. Mulligan acquired 30,000 shares of Herbalife stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $9.65 per share, for a total transaction of $289,500.00. Following the completion of the purchase, the director now directly owns 60,000 shares of the company’s stock, valued at $579,000. The disclosure for this purchase can be found here. Insiders purchased a total of 115,757 shares of company stock worth $1,012,778 in the last 90 days. 0.94% of the stock is owned by company insiders.

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.