Herbalife Nutrition Ltd. (NYSE: HLF) is set to report its most recent quarterly results after the markets close on Tuesday. Consensus estimates are calling for $0.61 in earnings per share (EPS) and revenue of $1.19 billion. The fourth quarter of last year reportedly had EPS of $0.65 and $1.09 billion in revenue.
Early in January, the firm announced that CEO Richard Goudis will be resigning. Those close to the matter say that the departure is a result of comments Goudis made before he became chief executive. The company did not release any details about the exact comments but said at the time that they were unrelated to Herbalife’s financial reporting.
This company has been under fire for years after being called a pyramid scheme by Pershing Square’s Bill Ackman, with none other than Carl Icahn coming to Herbalife’s aid. Since then, Ackman has stopped his bet against Herbalife, and Icahn has been selling his shares and taking a reduced stake in the firm.
Michael O. Johnson, the Herbalife’s executive chair, who led the company as its CEO from 2003 to 2017, will reassume the role of CEO on an interim basis following the resignation of Goudis. The board of directors expects to select the permanent CEO from the company’s senior leadership team.
At the same time, Herbalife announced preliminary volume point results for the fourth quarter 2018, which were up 11.6% worldwide year over year, and reaffirmed its initial full-year 2019 guidance as announced on October 30, 2018.
Over the past 52 weeks, Herbalife has outperformed the broad markets, with the stock up about 36%. However, in just 2019 alone, the stock is down closer to 4%.
Shares of Herbalife were last seen up about 1% at $57.44 on Tuesday, in a 52-week range of $41.28 to $61.77 and with a consensus price target of $62.60.
24/7 Wall St.Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
