LifeVantage (NASDAQ:LFVN) Issues Quarterly Earnings Results

LifeVantage (NASDAQ:LFVN - Get Free Report) announced its earnings results on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08, Zacks reports. LifeVantage had a return on equity of 34.29% and a net margin of 3.46%.

LifeVantage Trading Up 1.7 %

Shares of NASDAQ LFVN traded up $0.32 during mid-day trading on Friday, reaching $19.31. The company had a trading volume of 580,134 shares, compared to its average volume of 317,488. The stock has a market cap of $242.34 million, a P/E ratio of 34.48 and a beta of 0.84. LifeVantage has a 52-week low of $5.22 and a 52-week high of $27.38. The firm has a 50 day simple moving average of $19.33 and a two-hundred day simple moving average of $13.78.

LifeVantage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Monday, March 3rd. LifeVantage's dividend payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LFVN. Craig Hallum started coverage on shares of LifeVantage in a report on Tuesday, January 14th. They issued a "buy" rating and a $35.00 price target on the stock. Lake Street Capital began coverage on LifeVantage in a research report on Thursday, December 19th. They set a "buy" rating and a $26.00 price target for the company.

About LifeVantage

LifeVantage Corporation engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath and body, and targeted relief products. It offers Protandim, a dietary supplement; LifeVantage Omega+, a dietary supplement that combines DHA and EPA Omega-3 fatty acids, Omega-7 fatty acids, and vitamin D3; LifeVantage ProBio, a dietary supplement to support gut health; PhysIQ, a weight management system; LifeVantage IC Bright, a supplement to support eye and brain health, reduce eye fatigue and strain, supports cognitive functions, and support normal sleep patterns; Petandim for Dogs, a supplement to combat oxidative stress in dogs; and Axio, a nootropic energy drink mix.