Nu Skin Enterprises (NYSE:NUS) Issues 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.

Wall Street Analysts Forecast Growth

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

Nu Skin Enterprises Trading Up 1.6 %

Shares of NYSE NUS traded up $0.10 during trading hours on Friday, hitting $6.55. 991,684 shares of the company traded hands, compared to its average volume of 751,884. The company’s 50 day moving average price is $6.85 and its 200 day moving average price is $9.87. The stock has a market capitalization of $325.54 million, a price-to-earnings ratio of -2.20 and a beta of 1.14. The company has a current ratio of 2.12, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. Nu Skin Enterprises has a 12 month low of $5.95 and a 12 month high of $20.75.

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

Nu Skin Enterprises Dividend Announcement

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