Q3 2024 EPS Estimates for Herbalife Ltd. Cut by B. Riley (NYSE:HLF)

Herbalife Ltd. (NYSE:HLF) – Research analysts at B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for shares of Herbalife in a report issued on Thursday, May 2nd. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings of $0.45 per share for the quarter, down from their previous estimate of $0.48. The consensus estimate for Herbalife’s current full-year earnings is $1.68 per share. B. Riley also issued estimates for Herbalife’s Q4 2024 earnings at $0.17 EPS.

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

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

Herbalife Trading Up 2.1 %

Shares of NYSE:HLF opened at $9.58 on Friday. The stock has a market capitalization of $957.71 million, a PE ratio of 6.99 and a beta of 1.24. Herbalife has a 1 year low of $6.68 and a 1 year high of $19.48. The firm has a fifty day moving average price of $8.82 and a 200 day moving average price of $11.55.

Insider Activity at Herbalife

In related news, CEO Michael Johnson purchased 61,725 shares of Herbalife stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of $8.07 per share, with a total value of $498,120.75. Following the acquisition, the chief executive officer now directly owns 603,707 shares in the company, valued at $4,871,915.49. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Rodica Macadrai acquired 5,175 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were bought at an average price of $9.31 per share, with a total value of $48,179.25. Following the acquisition, the director now owns 12,716 shares of the company’s stock, valued at $118,385.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Johnson acquired 61,725 shares of the stock in a transaction dated Friday, February 16th. The shares were purchased at an average price of $8.07 per share, for a total transaction of $498,120.75. Following the completion of the transaction, 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. Insiders acquired a total of 85,757 shares of company stock worth $723,278 in the last 90 days. 0.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On Herbalife

Several institutional investors and hedge funds have recently bought and sold shares of HLF. Exchange Traded Concepts LLC grew its stake in shares of Herbalife by 3.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 26,496 shares of the company’s stock valued at $404,000 after purchasing an additional 929 shares during the period. Corton Capital Inc. boosted its stake in shares of Herbalife by 10.2% in the 3rd quarter. Corton Capital Inc. now owns 17,849 shares of the company’s stock valued at $250,000 after purchasing an additional 1,654 shares in the last quarter. Swiss National Bank increased its position in shares of Herbalife by 1.2% during the 3rd quarter. Swiss National Bank now owns 217,472 shares of the company’s stock worth $3,042,000 after purchasing an additional 2,500 shares in the last quarter. Hollencrest Capital Management lifted its holdings in Herbalife by 21.3% during the 1st quarter. Hollencrest Capital Management now owns 17,100 shares of the company’s stock valued at $172,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Herbalife by 35.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,584 shares of the company’s stock worth $345,000 after buying an additional 5,922 shares during the last quarter.

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.