In a report published Tuesday, D.A. Davidson & Co. analyst Timothy S. Ramey reiterated a Buy rating and $92.00 price target on Herbalife Ltd. HLF.
In the report, D.A. Davidson & Co. noted, “Herbalife reported Q3 EPS of $1.41, up 36.1% from last year, surpassing our Street-high $1.18 estimate and the Street consensus of $1.14. Results were driven by volume and Sales Leaders each growing 13%. The Pershing Square attack on HLF's business does not appear to be impacting the company's ability to recruit new distributors. Q3 net sales grew 19.3% to $1,214 million, above our $1,195 million estimate. Results in North America were quite promising, with volume and Sales Leaders each up 9%. In the Asia Pacific region volume fell 3% but Sales Leaders increased 10%. South & Central America volume was up 32% and Sales Leaders increased 29%. Volume in Mexico was up 4% with Sales Leaders growing 8%; EMEA volume increased 19% and Sales Leaders were up 13%. China volume and Sales Leaders increased 71% and 25%, respectively.”
Herbalife Ltd. closed on Monday at $67.92.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in