Hain Celestial Group Inc (HAIN) Expected to Post Quarterly Sales of $588.86 Million

Equities research analysts predict that Hain Celestial Group Inc (NASDAQ:HAIN) will post $588.86 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Hain Celestial Group’s earnings, with estimates ranging from $582.91 million to $597.60 million. Hain Celestial Group reported sales of $708.28 million during the same quarter last year, which indicates a negative year-over-year growth rate of 16.9%. The business is scheduled to report its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that Hain Celestial Group will report full year sales of $2.50 billion for the current financial year, with estimates ranging from $2.45 billion to $2.53 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.57 billion per share, with estimates ranging from $2.53 billion to $2.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Hain Celestial Group.

Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, August 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. The business had revenue of $619.60 million during the quarter, compared to analysts’ expectations of $629.25 million. During the same quarter in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis.

Several brokerages have recently issued reports on HAIN. BidaskClub upgraded shares of Hain Celestial Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. ValuEngine upgraded shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Wells Fargo & Co increased their price target on shares of Hain Celestial Group from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Thursday, August 30th. Buckingham Research decreased their price target on shares of Hain Celestial Group from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, August 29th. Finally, Zacks Investment Research upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Hain Celestial Group currently has a consensus rating of “Hold” and an average target price of $33.53.

Shares of Hain Celestial Group stock opened at $27.69 on Friday. Hain Celestial Group has a 12-month low of $25.41 and a 12-month high of $44.37. The company has a quick ratio of 1.56, a current ratio of 2.49 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.93 billion, a PE ratio of 22.00, a P/E/G ratio of 3.05 and a beta of 1.10.

A number of institutional investors have recently made changes to their positions in the business. Global X Management Co LLC increased its holdings in shares of Hain Celestial Group by 113.7% in the 2nd quarter. Global X Management Co LLC now owns 4,937 shares of the company’s stock valued at $147,000 after purchasing an additional 2,627 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of Hain Celestial Group in the 1st quarter valued at about $160,000. Flagship Harbor Advisors LLC purchased a new position in shares of Hain Celestial Group in the 2nd quarter valued at about $194,000. Mercer Capital Advisers Inc. increased its holdings in shares of Hain Celestial Group by 119.7% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 7,250 shares of the company’s stock valued at $216,000 after purchasing an additional 3,950 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new position in shares of Hain Celestial Group in the 2nd quarter valued at about $218,000. Institutional investors own 92.47% of the company’s stock.

About Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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