Q2 2024 Earnings Forecast for Herbalife Ltd. (NYSE:HLF) Issued By B. Riley

Herbalife Ltd. (NYSE:HLF - Free Report) - Equities research analysts at B. Riley lowered their Q2 2024 earnings per share estimates for Herbalife in a research note issued to investors on Thursday, May 2nd. B. Riley analyst J. Van. Sinderen now anticipates that the company will earn $0.37 per share for the quarter, down from their prior forecast of $0.54. The consensus estimate for Herbalife's current full-year earnings is $1.69 per share. B. Riley also issued estimates for Herbalife's FY2024 earnings at $1.48 EPS and FY2025 earnings at $2.04 EPS.

Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.12. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.26 billion. Herbalife had a negative return on equity of 19.97% and a net margin of 2.70%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.54 EPS.

Several other research firms have also recently commented on HLF. Mizuho lowered their price target on shares of Herbalife from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Thursday, March 21st. StockNews.com raised Herbalife from a "hold" rating to a "buy" rating in a research report on Friday, February 16th. DA Davidson reiterated a "neutral" rating and set a $9.50 price target on shares of Herbalife in a report on Thursday. Finally, Bank of America dropped their price objective on Herbalife from $10.00 to $8.00 and set an "underperform" rating on the stock in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Herbalife presently has an average rating of "Hold" and an average price target of $10.50.

Herbalife Price Performance

HLF traded up $0.15 on Monday, reaching $9.73. 2,688,788 shares of the company traded hands, compared to its average volume of 2,240,292. Herbalife has a 52-week low of $6.68 and a 52-week high of $19.48. The company has a market cap of $972.71 million, a price-to-earnings ratio of 6.99 and a beta of 1.24. The stock's 50 day moving average price is $8.82 and its 200-day moving average price is $11.52.

Institutional Trading of Herbalife

Several hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its holdings in 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. lifted its stake in shares of Herbalife by 10.2% in the third quarter. Corton Capital Inc. now owns 17,849 shares of the company's stock valued at $250,000 after buying an additional 1,654 shares during the period. Swiss National Bank grew its position in Herbalife by 1.2% during the third quarter. Swiss National Bank now owns 217,472 shares of the company's stock worth $3,042,000 after buying an additional 2,500 shares in the last quarter. Hollencrest Capital Management increased its stake in Herbalife by 21.3% during the first quarter. Hollencrest Capital Management now owns 17,100 shares of the company's stock valued at $172,000 after acquiring an additional 3,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Herbalife by 35.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,584 shares of the company's stock valued at $345,000 after acquiring an additional 5,922 shares in the last quarter.

Insider Activity

In related news, CEO Michael Johnson bought 61,725 shares of Herbalife stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $498,120.75. Following the acquisition, the chief executive officer now owns 603,707 shares in the company, valued at $4,871,915.49. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Michael Johnson bought 61,725 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average cost of $8.07 per share, for a total transaction of $498,120.75. Following the purchase, the chief executive officer now owns 603,707 shares of the company's stock, valued at approximately $4,871,915.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donal L. Mulligan bought 30,000 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $9.65 per share, for a total transaction of $289,500.00. Following the acquisition, the director now directly owns 60,000 shares in the company, valued at $579,000. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 115,757 shares of company stock valued at $1,012,778. Insiders own 0.94% of the company's stock.

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.