Herbalife (HLF) Misses Q3 EPS by 6c; Guides Q4 EPS In-Line with Views
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November 4, 2014 10:34 AM EST
Pivotal Research maintained a Buy rating on Herbalife (NYSE: HLF) and lowered its price target to $75.00 (from $110.00). The change follows Q3 results. Analyst Timothy S. Ramey called it a "messy quarter."
"The company took a $0.97 per share hit to its Venezuelan operation adopting SAICAD-II as we expected, but it did not restate prior periods. If the 50:1 exchange rate had been in effect in the 1Q it would have been $0.18 to EPS, $0.14 in the 2Q and it was a $0.13 drag on... More
November 4, 2014 6:34 AM EST
SunTrust Robinson Humphrey downgraded Herbalife (NYSE: HLF) from Buy to Neutral with a price target of $55.00 (from $75.00).
For an analyst ratings summary and ratings history on Herbalife click here. For more ratings news on Herbalife click here.
Shares of Herbalife closed at $55.90 yesterday.
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November 3, 2014 4:42 PM EST
Herbalife (NYSE: HLF) announced that, on February 17, 2015, after the company completes its audit and files its annual report on Form 10-K with the SEC, board of directors member, Leroy Barnes, will be retiring from the board. Barnes will have served on the board for more than a decade. The company further announced that, as part of the transition, fellow board member, Richard Bermingham,... More
November 3, 2014 10:04 AM EST
In addition to settling a class action suit, speculators are bidding up (+6.5%) heavily-shorted Herbalife (NYSE:... More
