Herbalife Reports Higher Q4 Earnings; Beats Estimates (HLF)

Herbalife Reports Higher Q4 Earnings; Beats Estimates (HLF)


Weight management and nutritional supplement company, Herbalife Ltd.(HLF) reported an increase in earnings for the fourth quarter, beating analysts estimates on Wednesday.

The Grand Cayman, Cayman Islands based company reported fourth quarter earnings of $117.9 million, or $1.05 per share, up 10% from $105.4 million, or 86 cents per share last year. Analysts expected to see earnings of $1.03 per share.

Revenue for the quarter was $1.06 billion, up 20% from $884.57 million last year. Analysts expected revenue of $1.05 billion.

The company has recently gained the attention of investors after billionaire investor, Carl Icahn increased his stake in the company to nearly 13%. Ocahn said that he plans to speak with the company regarding strategic alternatives including taking the company private.

Looking ahead, the company expects to see first quarter earnings in the range of $1.03 to $1.07 per share with a sales growth between 15% and 17%. Analysts are expecting to see $1.06 per share in earnings and $1.07 billion in revenue.

For FY2013, Herbalife estimates EPS in the range of $4.45 to $4.65 per share and a sales growth between 12% and 14%. Analysts expect to see earnings of $4.64 per share and $4.53 billion in revenue for the year.

Herbalife shares were mostly flat during premarket trading Tuesday. The stock has declined -34% in the past year.

The Bottom Line
Shares of Herbalife Ltd.(HLF) have a 3.02% yield, based on Tuesday’s closing price of $39.74.

Herbalife Ltd.(HLF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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