Nu Skin Enterprises (NYSE:NUS) Issues Q3 2022 Earnings Guidance

Nu Skin Enterprises (NYSE:NUSGet Rating) updated its third quarter 2022 earnings guidance on Thursday. The company provided EPS guidance of $0.70-$0.85 for the period, compared to the consensus EPS estimate of $0.89. The company issued revenue guidance of $550.00 million-$590.00 million, compared to the consensus revenue estimate of $630.91 million. Nu Skin Enterprises also updated its FY 2022 guidance to $3.30-$3.60 EPS.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TheStreet cut shares of Nu Skin Enterprises from a b rating to a c rating in a research report on Thursday. StockNews.com raised shares of Nu Skin Enterprises from a hold rating to a buy rating in a research report on Wednesday, June 22nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Nu Skin Enterprises has an average rating of Moderate Buy and an average price target of $61.50.

Nu Skin Enterprises Stock Down 2.8 %

Shares of NUS stock traded down $1.25 on Friday, reaching $43.35. 520,423 shares of the company were exchanged, compared to its average volume of 345,016. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 19.53 and a beta of 1.16. The company has a 50-day moving average of $44.22 and a 200-day moving average of $46.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.72 and a quick ratio of 0.95. Nu Skin Enterprises has a one year low of $39.40 and a one year high of $56.76.

Nu Skin Enterprises (NYSE:NUSGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. The company had revenue of $604.90 million for the quarter, compared to analysts’ expectations of $579.70 million. Nu Skin Enterprises had a net margin of 4.57% and a return on equity of 19.85%. The business’s revenue was down 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. Analysts anticipate that Nu Skin Enterprises will post 3.55 earnings per share for the current year.

Nu Skin Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Friday, August 26th will be given a dividend of $0.385 per share. The ex-dividend date is Thursday, August 25th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.55%. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently 69.37%.

Insider Transactions at Nu Skin Enterprises

In related news, insider Joseph Y. Chang sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $46.57, for a total value of $745,120.00. Following the transaction, the insider now owns 22,957 shares of the company’s stock, valued at approximately $1,069,107.49. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Nu Skin Enterprises news, Chairman Steven Lund sold 925 shares of Nu Skin Enterprises stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $46.07, for a total transaction of $42,614.75. Following the completion of the transaction, the chairman now owns 179,449 shares in the company, valued at approximately $8,267,215.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph Y. Chang sold 16,000 shares of Nu Skin Enterprises stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $46.57, for a total value of $745,120.00. Following the transaction, the insider now owns 22,957 shares of the company’s stock, valued at approximately $1,069,107.49. The disclosure for this sale can be found here. Insiders have sold 148,143 shares of company stock valued at $6,647,717 in the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nu Skin Enterprises

Hedge funds have recently added to or reduced their stakes in the stock. PDT Partners LLC bought a new position in shares of Nu Skin Enterprises during the 1st quarter worth approximately $231,000. AlphaCrest Capital Management LLC bought a new position in shares of Nu Skin Enterprises during the 1st quarter worth approximately $336,000. Engineers Gate Manager LP bought a new position in shares of Nu Skin Enterprises during the 1st quarter worth approximately $361,000. Panagora Asset Management Inc. bought a new position in shares of Nu Skin Enterprises during the 1st quarter worth approximately $385,000. Finally, Hsbc Holdings PLC lifted its position in shares of Nu Skin Enterprises by 65.5% during the 1st quarter. Hsbc Holdings PLC now owns 8,207 shares of the company’s stock worth $393,000 after buying an additional 3,247 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

About Nu Skin Enterprises

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Nu Skin Enterprises, Inc develops and distributes beauty and wellness products worldwide. It provides skin care systems, including ageLOC Spa systems, ageLOC Transformation anti-aging skin care systems, and ageLOC LumiSpa skin treatment and cleansing devices; and ageLOC Boost, as well as a range of other cosmetic and personal care products.

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Earnings History and Estimates for Nu Skin Enterprises (NYSE:NUS)

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