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.
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.
Further Reading: Hedge Funds – How They Work For Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.