Nu Skin Enterprises Inc. (NYSE:NUS)
Nu Skin Enterprises today announced positive second quarter results and also declared a quarterly dividend of $0.35 per share.
Nu Skin Enterprises Earnings and Outlook
Gross margin during the quarter was 80.3 percent, versus 76.0 percent in the prior-year period.
The company’s operating margin for the quarter was 12.8 percent, compared to 8.4 percent in the second quarter of 2014. Earnings per share for the quarter were $0.75, compared to $0.32 in the prior-year period.
“We are pleased the business performed at the high end of our expectations for the second quarter,” said Truman Hunt, president and chief executive officer. “Additionally, we are encouraged by growth in the number of sales leaders sequentially, including a 19 percent increase in sales leaders in Mainland China. We believe that this trend signals growing sales leader energy as we build toward the introduction of our new ageLOC products in the second half of the year.
“Additionally, our financial performance and strong cash flow enabled us to repurchase approximately $50 million of shares in the second quarter. Overall, we are pleased with the direction of the business and continue to anticipate a return to revenue growth in the second half of the year.” PR Newswire
NUS Technical Analysis
NUS gapped up today to $44.25 in pre market trading up from yesterday’s close of $39.16 which is a 13% increase in price. Taking a look at the daily chart we can see before today’s spike up in price the stock has been on a steep downward trend. We can see the last time the stock traded around this price level was on July 7 when it closed at $45.46, and just a week before that on July 2 it traded at $47.54. I would be looking for a run to these levels, so my entry price would be $44.50 with a possible add on at $45. My stop price would be below $44 maybe giving myself a $0.15 to $0.20 cents cussion so it does not hit my stop price and then run up.
Nu Skin Enterprises, Inc. develops and distributes anti-aging personal care products and nutritional supplements under the Nu Skin and Pharmanex brands worldwide. The company offers skin-care systems and treatment products, such as ageLOC Spa systems, ageLOC Tru Face Essence Ultra anti-aging skin care serum, and ageLOC Transformation anti-aging skin care system, as well as other cosmetic, personal care, and hair care products. It also provides LifePak; ageLOC R2 nutritional supplements; and ageLOC TR90 weight management and body shaping systems. In addition, the company is involved in the research and product development of aging, including the influence of certain ingredients on gene expression. It sells its products directly, as well as through its retail stores and Website. Nu Skin Enterprises, Inc. was founded in 1984 and is headquartered in Provo, Utah. Yahoo Finance