SunTrust Banks Comments on Hain Celestial Group Inc’s FY2018 Earnings (HAIN)

Hain Celestial Group Inc (NASDAQ:HAIN) – Investment analysts at SunTrust Banks increased their FY2018 EPS estimates for shares of Hain Celestial Group in a research note issued on Monday. SunTrust Banks analyst W. Chappell now expects that the company will post earnings of $1.76 per share for the year, up from their prior forecast of $1.60. SunTrust Banks currently has a “Hold” rating and a $35.00 target price on the stock.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub downgraded shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Friday. Loop Capital set a $38.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a research note on Thursday, December 28th. Maxim Group restated a “sell” rating on shares of Hain Celestial Group in a research note on Tuesday, December 19th. Finally, Jefferies Group restated a “buy” rating and issued a $52.00 target price on shares of Hain Celestial Group in a research note on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. Hain Celestial Group presently has an average rating of “Hold” and a consensus price target of $41.31.

Shares of Hain Celestial Group (NASDAQ:HAIN) traded down $0.76 during mid-day trading on Tuesday, reaching $40.31. 649,144 shares of the company’s stock were exchanged, compared to its average volume of 1,360,000. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.50 and a quick ratio of 1.22. The company has a market cap of $4,210.00, a P/E ratio of 53.75, a P/E/G ratio of 1.75 and a beta of 1.25. Hain Celestial Group has a twelve month low of $31.01 and a twelve month high of $45.61.

Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million during the quarter, compared to the consensus estimate of $697.39 million. Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. Hain Celestial Group’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share.

In other news, SVP Michael B. Mcguinness bought 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $34.58 per share, with a total value of $121,030.00. Following the completion of the transaction, the senior vice president now directly owns 55,131 shares of the company’s stock, valued at approximately $1,906,429.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Dean Hollis bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average cost of $35.27 per share, with a total value of $352,700.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $352,700. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 68,500 shares of company stock worth $2,352,730. Insiders own 12.34% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Utah Retirement Systems lifted its position in Hain Celestial Group by 0.5% during the second quarter. Utah Retirement Systems now owns 18,600 shares of the company’s stock valued at $722,000 after acquiring an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in Hain Celestial Group by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 31,557 shares of the company’s stock valued at $1,225,000 after acquiring an additional 462 shares during the last quarter. EagleClaw Capital Managment LLC lifted its position in Hain Celestial Group by 9.8% during the second quarter. EagleClaw Capital Managment LLC now owns 11,175 shares of the company’s stock valued at $434,000 after acquiring an additional 1,000 shares during the last quarter. Kalos Management Inc. lifted its position in Hain Celestial Group by 10.2% during the second quarter. Kalos Management Inc. now owns 11,639 shares of the company’s stock valued at $451,000 after acquiring an additional 1,076 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in Hain Celestial Group by 11.5% during the third quarter. Pacer Advisors Inc. now owns 14,743 shares of the company’s stock valued at $607,000 after acquiring an additional 1,522 shares during the last quarter. 89.95% of the stock is owned by institutional investors.

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About Hain Celestial Group

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

Earnings History and Estimates for Hain Celestial Group (NASDAQ:HAIN)

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