Herbalife Nutrition (NYSE:HLF) Downgraded to “Strong Sell” at Zacks Investment Research

NYSE HLF traded down $0.65 on Friday, reaching $24.41. 2,169,192 shares of the corporate had been exchanged, in comparison with its common quantity of 1,686,804. The enterprise’s fifty day transferring common value is $30.84 and its 200 day transferring common value is $37.94. The inventory has a market capitalization of $2.65 billion, a P/E ratio of 6.54 and a beta of 1.07. Herbalife Diet has a fifty-two week low of $23.75 and a fifty-two week excessive of $55.78.
Herbalife Diet (NYSE:HLFGet Rating) final launched its quarterly earnings knowledge on Tuesday, Could third. The corporate reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. The corporate had income of $1.34 billion for the quarter, in comparison with analyst estimates of $1.38 billion. Herbalife Diet had a unfavorable return on fairness of 33.49% and a web margin of seven.06%. The agency’s income for the quarter was down 11.1% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the corporate posted $1.42 earnings per share. Analysis analysts anticipate that Herbalife Diet will submit 3.83 earnings per share for the present 12 months.

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