Zacks: Analysts Anticipate The Hain Celestial Group, Inc. (NASDAQ:HAIN) Will Announce Earnings of $0.42 Per Share

Wall Street analysts forecast that The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) will report earnings per share (EPS) of $0.46 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for The Hain Celestial Group’s earnings, with estimates ranging from $0.43 to $0.51. The Hain Celestial Group posted earnings per share of $0.39 in the same quarter last year, which indicates a positive year-over-year growth rate of 17.9%. The business is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that The Hain Celestial Group will report full year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.49 to $1.54. For the next financial year, analysts expect that the company will report earnings of $1.81 per share, with EPS estimates ranging from $1.75 to $1.85. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for The Hain Celestial Group.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last released its earnings results on Thursday, May 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.12). The firm had revenue of $502.94 million for the quarter, compared to analysts’ expectations of $524.57 million. The Hain Celestial Group had a net margin of 6.12% and a return on equity of 9.66%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS.

A number of analysts have recently weighed in on HAIN shares. Consumer Edge upgraded shares of The Hain Celestial Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 8th. TheStreet raised shares of The Hain Celestial Group from a “c+” rating to a “b” rating in a research report on Thursday, April 28th. Mizuho decreased their target price on shares of The Hain Celestial Group from $44.00 to $31.00 in a research report on Monday. Cfra cut their price target on shares of The Hain Celestial Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, February 4th. Finally, StockNews.com initiated coverage on shares of The Hain Celestial Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $46.83.

In other news, Director Glenn W. Welling sold 10,833 shares of the firm’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $34.98, for a total value of $378,938.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Glenn W. Welling sold 350,000 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $36.03, for a total transaction of $12,610,500.00. The disclosure for this sale can be found here. Company insiders own 16.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of HAIN. Ancora Advisors LLC purchased a new position in The Hain Celestial Group in the third quarter worth approximately $28,000. National Bank of Canada FI purchased a new position in The Hain Celestial Group in the fourth quarter worth approximately $28,000. CWM LLC purchased a new position in The Hain Celestial Group in the fourth quarter worth approximately $28,000. Trust Co. of Vermont purchased a new position in The Hain Celestial Group in the fourth quarter worth approximately $31,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in The Hain Celestial Group in the fourth quarter worth approximately $33,000. Institutional investors own 94.98% of the company’s stock.

NASDAQ HAIN traded down $0.21 on Tuesday, reaching $26.61. The company had a trading volume of 1,248,325 shares, compared to its average volume of 942,132. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $2.43 billion, a PE ratio of 22.35 and a beta of 0.70. The firm’s 50 day moving average price is $33.49 and its 200 day moving average price is $37.79. The Hain Celestial Group has a 12 month low of $24.85 and a 12 month high of $48.88.

About The Hain Celestial Group (Get Rating)

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, and internationally. It operates through two segments, North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; and condiments.

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