LifeVantage (NASDAQ:LFVN) Releases Earnings Results, Beats Estimates By $0.08 EPS

LifeVantage (NASDAQ:LFVN) posted its earnings results on Wednesday. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08, Zacks reports. LifeVantage had a return on equity of 29.24% and a net margin of 2.11%.

LifeVantage Stock Down 4.2 %

LFVN traded down $1.00 during trading on Wednesday, reaching $22.74. The company had a trading volume of 486,894 shares, compared to its average volume of 270,076. The stock has a market cap of $284.70 million, a P/E ratio of 71.06 and a beta of 0.84. The business has a 50 day simple moving average of $18.97 and a 200-day simple moving average of $13.59. LifeVantage has a 52 week low of $5.22 and a 52 week high of $27.38.

LifeVantage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. LifeVantage’s dividend payout ratio is presently 50.00%.

Wall Street Analysts Forecast Growth

LFVN has been the subject of a number of research reports. Craig Hallum initiated coverage on LifeVantage in a research report on Tuesday, January 14th. They set a “buy” rating and a $35.00 target price for the company. Lake Street Capital initiated coverage on LifeVantage in a research report on Thursday, December 19th. They issued a “buy” rating and a $26.00 price target for the company.

LifeVantage Company Profile

LifeVantage Corporation engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath and body, and targeted relief products. It offers Protandim, a dietary supplement; LifeVantage Omega+, a dietary supplement that combines DHA and EPA Omega-3 fatty acids, Omega-7 fatty acids, and vitamin D3; LifeVantage ProBio, a dietary supplement to support gut health; PhysIQ, a weight management system; LifeVantage IC Bright, a supplement to support eye and brain health, reduce eye fatigue and strain, supports cognitive functions, and support normal sleep patterns; Petandim for Dogs, a supplement to combat oxidative stress in dogs; and Axio, a nootropic energy drink mix.