What is DA Davidson’s Forecast for NUS FY2024 Earnings?

Nu Skin Enterprises, Inc. (NYSE:NUS) – DA Davidson upped their FY2024 earnings per share (EPS) estimates for shares of Nu Skin Enterprises in a research report issued on Thursday, February 13th. DA Davidson analyst C. Xue now anticipates that the company will post earnings per share of $0.67 for the year, up from their previous forecast of $0.66. DA Davidson has a “Neutral” rating and a $7.00 price target on the stock. The consensus estimate for Nu Skin Enterprises’ current full-year earnings is $0.68 per share. DA Davidson also issued estimates for Nu Skin Enterprises’ Q4 2024 earnings at $0.21 EPS.

Nu Skin Enterprises (NYSE:NUS) last issued its earnings results on Thursday, February 13th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.14. Nu Skin Enterprises had a positive return on equity of 5.47% and a negative net margin of 5.81%.

A number of other analysts have also issued reports on the company. Citigroup dropped their target price on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. StockNews.com raised Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Nu Skin Enterprises Trading Up 17.4 %

NYSE:NUS opened at $7.54 on Friday. The business’s 50-day moving average is $6.89 and its two-hundred day moving average is $7.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.93 and a quick ratio of 1.20. Nu Skin Enterprises has a 12 month low of $5.95 and a 12 month high of $14.64. The firm has a market capitalization of $374.56 million, a PE ratio of -3.64 and a beta of 1.17.

Hedge Funds Weigh In On Nu Skin Enterprises

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake in shares of Nu Skin Enterprises by 6.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,262 shares of the company’s stock worth $203,000 after purchasing an additional 1,096 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Nu Skin Enterprises by 57.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 42,792 shares of the company’s stock worth $315,000 after purchasing an additional 15,683 shares during the last quarter. Creative Planning grew its stake in shares of Nu Skin Enterprises by 43.0% in the 3rd quarter. Creative Planning now owns 41,226 shares of the company’s stock worth $304,000 after purchasing an additional 12,398 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of Nu Skin Enterprises by 42.5% in the 3rd quarter. Inspire Advisors LLC now owns 20,414 shares of the company’s stock worth $150,000 after purchasing an additional 6,089 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of Nu Skin Enterprises in the 3rd quarter worth approximately $133,000. Institutional investors and hedge funds own 82.84% of the company’s stock.

Nu Skin Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.24 annualized dividend and a yield of 3.19%. Nu Skin Enterprises’s payout ratio is -11.59%.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.