NEW YORK (TheStreet) -- Shares of Nu Skin Enterprises (NU) are popping by 10.27% to $38.44 on Friday morning, after the personal care products company posted its 2015 third quarter earnings results yesterday.
The company's earnings of 84 cents per share on revenue of $571.31 million for the most recent quarter were in line with analysts surveyed by Thomson Reuters expectations for the period.
"Our business continued to progress sequentially in each quarter of 2015, with constant-currency revenue improving in the third quarter to be even with the prior year," Nu Skin Enterprises CEO Truman Hunt said in a statement.
Additionally, the company declared a quarterly dividend of 35 cents per share to be paid on December 9 to shareholders of record as of November 20.
The company also announced that its board of directors has increased its stock repurchase authorization to $500 million, an increase of approximately $260 million.
"We remain confident in our ability to grow the business as we begin to introduce our innovative new ageLOC products," CFO Ritch Wood said. "We plan to use our financial strength to repurchase shares and create shareholder value."
Separately, TheStreet Ratings team rates NU SKIN ENTERPRISES as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
We rate NU SKIN ENTERPRISES (NUS) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.
You can view the full analysis from the report here: NUS