Nu Skin Enterprises (NYSE:NUS) Releases FY 2024 Earnings Guidance

Nu Skin Enterprises (NYSE:NUS) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.650-0.750 for the period, compared to the consensus EPS estimate of 0.770. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.8 billion. Nu Skin Enterprises also updated its Q4 guidance to $0.19 to $0.29 EPS.

Analyst Ratings Changes

Several brokerages have issued reports on NUS. Citigroup cut their target price on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. StockNews.com cut shares of Nu Skin Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, DA Davidson cut their price objective on Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, August 12th.

Nu Skin Enterprises Stock Up 1.6 %

NUS stock traded up $0.10 during trading hours on Friday, hitting $6.55. The company’s stock had a trading volume of 991,684 shares, compared to its average volume of 751,884. Nu Skin Enterprises has a 12 month low of $5.95 and a 12 month high of $20.75. The stock has a 50 day moving average price of $6.85 and a two-hundred day moving average price of $9.87. The company has a quick ratio of 1.33, a current ratio of 2.12 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $325.54 million, a PE ratio of -2.20 and a beta of 1.14.

Nu Skin Enterprises (NYSE:NUS) last posted its earnings results on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. Nu Skin Enterprises had a positive return on equity of 7.80% and a negative net margin of 8.05%. The firm had revenue of $439.10 million during the quarter, compared to analyst estimates of $431.87 million. During the same period in the previous year, the company earned $0.54 EPS. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, equities research analysts expect that Nu Skin Enterprises will post 0.78 earnings per share for the current year.

Nu Skin Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Friday, November 29th. Nu Skin Enterprises’s dividend payout ratio is -8.05%.

Nu Skin Enterprises Company Profile

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.