FY2019 Earnings Estimate for Hain Celestial Group Inc Issued By William Blair (HAIN)

Hain Celestial Group Inc (NASDAQ:HAIN) – Equities research analysts at William Blair raised their FY2019 earnings per share estimates for Hain Celestial Group in a research report issued on Wednesday. William Blair analyst J. Andersen now anticipates that the company will earn $1.89 per share for the year, up from their prior forecast of $1.88.

Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $775.20 million during the quarter, compared to the consensus estimate of $774.50 million. Hain Celestial Group had a return on equity of 5.15% and a net margin of 2.95%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share.

Several other research analysts have also commented on HAIN. BMO Capital Markets lowered Hain Celestial Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $48.00 to $44.00 in a research report on Thursday, October 19th. Sanford C. Bernstein raised Hain Celestial Group from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Wednesday, November 8th. TheStreet lowered Hain Celestial Group from a “b-” rating to a “c” rating in a research report on Tuesday, November 7th. Zacks Investment Research lowered Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Hain Celestial Group in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $40.72.

Hain Celestial Group (NASDAQ:HAIN) traded up $0.06 on Monday, hitting $33.27. The stock had a trading volume of 1,106,000 shares, compared to its average volume of 1,129,073. The company has a market cap of $3,510.00, a price-to-earnings ratio of 48.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09. The company has a current ratio of 2.44, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41. Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61.

A number of hedge funds have recently made changes to their positions in HAIN. BlackRock Inc. grew its stake in Hain Celestial Group by 1.3% during the 4th quarter. BlackRock Inc. now owns 8,355,740 shares of the company’s stock valued at $354,201,000 after purchasing an additional 109,061 shares during the last quarter. Schroder Investment Management Group grew its stake in Hain Celestial Group by 13.1% during the 4th quarter. Schroder Investment Management Group now owns 1,834,284 shares of the company’s stock valued at $77,755,000 after purchasing an additional 212,145 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Hain Celestial Group by 104.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,752,500 shares of the company’s stock valued at $72,115,000 after purchasing an additional 894,300 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Hain Celestial Group by 443.9% during the 4th quarter. Thrivent Financial For Lutherans now owns 1,537,905 shares of the company’s stock valued at $65,192,000 after purchasing an additional 1,255,130 shares during the last quarter. Finally, Anchor Capital Advisors LLC grew its stake in Hain Celestial Group by 10.4% during the 3rd quarter. Anchor Capital Advisors LLC now owns 1,151,697 shares of the company’s stock valued at $47,392,000 after purchasing an additional 108,737 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

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Hain Celestial Group Company Profile

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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