B. Riley Has Bullish Outlook for Herbalife FY2024 Earnings

Herbalife Ltd. (NYSE:HLF) – Equities researchers at B. Riley increased their FY2024 earnings estimates for shares of Herbalife in a report issued on Thursday, October 31st. B. Riley analyst J. Van. Sinderen now anticipates 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 objective 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) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion.

HLF has been the topic of several other reports. Citigroup lowered their target price on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. DA Davidson lowered their price target on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research note on Thursday. Mizuho boosted their price target on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday. Finally, StockNews.com cut shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.42.

Herbalife Stock Up 3.7 %

Shares of NYSE:HLF opened at $7.83 on Monday. Herbalife has a 52-week low of $6.59 and a 52-week high of $15.66. The company has a market capitalization of $789.19 million, a P/E ratio of 9.21, a P/E/G ratio of 0.29 and a beta of 1.17. The stock’s fifty day simple moving average is $7.31 and its 200-day simple moving average is $9.30.

Insider Transactions at Herbalife

In other news, Director Juan Miguel Mendoza purchased 10,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were acquired at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the purchase, the director now owns 120,000 shares in the company, valued at $853,200. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HLF. GAMMA Investing LLC boosted its holdings in Herbalife by 465.3% in 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 period. nVerses Capital LLC raised its position in Herbalife by 240.0% during the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after acquiring an additional 3,600 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Herbalife by 22.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after acquiring an additional 1,035 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Herbalife by 10.3% in 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 period. Finally, Foundry Partners LLC bought a new stake in shares of Herbalife in the first quarter valued at about $105,000.

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.