Herbalife Nutrition (NYSE:HLF) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.40-2.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.98. The company issued revenue guidance of $4.8086394-5.0287704 billion, compared to the consensus revenue estimate of $5.03 billion.Herbalife Nutrition also updated its FY19 guidance to $2.40 -2.80 EPS.
NYSE HLF traded down $2.76 on Friday, reaching $38.00. 6,353,187 shares of the stock traded hands, compared to its average volume of 2,068,478. The stock’s fifty day moving average price is $42.02. The company has a market capitalization of $6.20 billion, a P/E ratio of 13.19 and a beta of 0.43. Herbalife Nutrition has a 12 month low of $36.62 and a 12 month high of $61.77.
Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). Herbalife Nutrition had a net margin of 6.36% and a negative return on equity of 56.65%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts anticipate that Herbalife Nutrition will post 2.9 EPS for the current year.
In other news, SVP Edi Hienrich sold 738 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $47.62, for a total transaction of $35,143.56. Following the completion of the sale, the senior vice president now owns 22,246 shares in the company, valued at approximately $1,059,354.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.31% of the stock is currently owned by corporate insiders.
About Herbalife Nutrition
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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