Herbalife (NYSE: HLF)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued on Thursday.
The analysts wrote, “Herbalife (HLF) has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company’s strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Shares of Herbalife opened at 41.015 on Thursday. Herbalife has a one year low of $24.24 and a one year high of $73.00. The stock’s 50-day moving average is currently $38.88. The company has a market cap of $4.228 billion and a P/E ratio of 10.12.
Herbalife last released its earnings data on Tuesday, February 19th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. Herbalife has set its Q guidance at $1.03-1.07 EPS and its FY13 guidance at $4.45-4.65 EPS. Analysts expect that Herbalife will post $4.68 EPS for the current fiscal year.
A number of other firms have also recently commented on HLF. Analysts at Janney Montgomery Scott raised their price target on shares of Herbalife from $44.00 to $45.00 in a research note to investors on Thursday, February 21st. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Herbalife from $76.00 to $63.00 in a research note to investors on Thursday, February 21st. They now have a “buy” rating on the stock. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Herbalife in a research note to investors on Wednesday, February 20th. They now have a $78.00 price target on the stock.
Six equities research analysts have rated the stock with a buy rating, and three have issued a hold rating to the company. Herbalife has a consensus rating of “overweight” and a consensus price target of $61.43.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, March 1st.
Herbalife Ltd. is a global network marketing company that sells weight management, nutritional supplements, energy, sports and fitness products and personal care products through a network of approximately 2.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.