Nu Skin Enterprises Ups Projects for Q1 Results
Nu Skin Enterprises Inc. (NYSE: NUS) reported that it expects its first quarter revenue to be better than projected earlier. The company said that it is likely to benefit from foreign currency exchange fluctuations. The fluctuation effect is expected to boost revenue by 5 percent. Nu Skin Enterprises revenue is also likely to benefit from strong performance in emerging markets. The company now expects its first quarter revenue to be at $395 million. Earlier, the company had expected the revenue for the first quarter to be in the range of $380 million and $390 million.
Nu Skin Enterprises has also provided higher projection for its earnings per share in the range of 52 cents and 54 cents per share. The earlier projection was in the range of 50 cents and 53 cents per share. The analysts expect the company to report its earnings at 51 cents per share.
The company stock is currently trading at $30.52, down 0.16 percent from its previous close. The stock’s 50 days moving average price is $30.43 whereas its long term moving average price is at $29.35. The stock is currently trading above both the averages. Nu Skin Enterprises stock opened at $30.52 and touched the high of $30.79. The stock’s lowest price in today’s session is $30.37. The company stock’s EPS is $2.11. The company stock has traded in the range of $23.12 and $33.99 during the past 52 weeks. The company’s market cap is $1.89 billion and its P/E ratio is 14.49.
Nu Skin Enterprises is involved in the business of developing and distributing personal care products. It also offers nutritional products. The company is operational globally. It sells its personal care products under its Nu Skin brand whereas its nutritional products are sold through its Pharmanex brand. The company was formed in 1984. Nu Skin Enterprises is based out of Utah.
Nu Skin Enterprises reported its total current assets at $422.526 million for the year ending December 31, 2010. Its total assets were worth $892.224 million for the same time period. Nu Skin Enterprises had valued its total liabilities at $420.975 million. The company had reported its revenue at $1.537 billion and its gross profit for the year at $1.264 billion. Nu Skin Enterprises’ net income for the year stood at $136.051 million.
