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 earnings per share guidance of 0.650-0.750 for the period, compared to the consensus earnings per share 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.

Nu Skin Enterprises Stock Up 1.6 %

NYSE NUS traded up $0.10 during trading hours on Friday, hitting $6.55. The company had a trading volume of 991,684 shares, compared to its average volume of 751,884. Nu Skin Enterprises has a fifty-two week low of $5.95 and a fifty-two week high of $20.75. The company 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 debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 1.33. The firm’s 50 day moving average is $6.85 and its 200 day moving average is $9.87.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $439.10 million for the quarter, compared to analysts’ expectations of $431.87 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. Sell-side analysts anticipate that Nu Skin Enterprises will post 0.78 earnings per share for the current fiscal year.

Nu Skin Enterprises Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Friday, November 29th. Nu Skin Enterprises’s payout ratio is -8.05%.

Analysts Set New Price Targets

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

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.