B. Riley Has Positive Estimate for Herbalife FY2024 Earnings

Herbalife Ltd. (NYSE:HLF - Free Report) - Analysts at B. Riley increased their FY2024 earnings estimates for Herbalife in a report issued on Thursday, October 31st. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings of $1.51 per share for the year, up from their previous forecast of $1.34. B. Riley has a "Buy" rating and a $12.00 price target on the stock. The consensus estimate for Herbalife's current full-year earnings is $1.34 per share. B. Riley also issued estimates for Herbalife's Q4 2024 earnings at ($0.10) EPS.

Herbalife (NYSE:HLF - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion.

A number of other equities research analysts have also recently commented on HLF. Mizuho raised their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday. DA Davidson decreased their price target on shares of Herbalife from $13.00 to $7.50 and set a "neutral" rating for the company in a research note on Thursday. Citigroup decreased their price target on shares of Herbalife from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Finally, StockNews.com downgraded shares of Herbalife from a "buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Herbalife has an average rating of "Hold" and an average price target of $10.42.

Herbalife Stock Performance

Shares of HLF stock traded up $0.40 during trading hours on Monday, hitting $8.23. 4,094,690 shares of the company were exchanged, compared to its average volume of 2,125,786. Herbalife has a fifty-two week low of $6.59 and a fifty-two week high of $15.66. The company has a 50 day simple moving average of $7.31 and a two-hundred day simple moving average of $9.30. The firm has a market cap of $829.52 million, a P/E ratio of 9.21, a P/E/G ratio of 0.29 and a beta of 1.17.

Insider Transactions at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza bought 10,000 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $7.11 per share, with a total value of $71,100.00. Following the completion of the transaction, the director now directly owns 120,000 shares in the company, valued at approximately $853,200. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Herbalife

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Herbalife by 465.3% during the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company's stock worth $37,000 after purchasing an additional 2,908 shares during the last quarter. nVerses Capital LLC boosted its holdings in Herbalife by 240.0% during the second quarter. nVerses Capital LLC now owns 5,100 shares of the company's stock worth $53,000 after purchasing an additional 3,600 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Herbalife by 22.9% during the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company's stock worth $56,000 after purchasing an additional 1,035 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in Herbalife during the third quarter worth about $78,000. Finally, Van ECK Associates Corp boosted its holdings in Herbalife by 10.3% during the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company's stock worth $90,000 after purchasing an additional 808 shares during the last quarter.

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.