Zacks: Analysts Expect Hain Celestial Group Inc (NASDAQ:HAIN) Will Announce Earnings of $0.22 Per Share

Equities analysts expect that Hain Celestial Group Inc (NASDAQ:HAIN) will announce $0.22 earnings per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Hain Celestial Group’s earnings, with estimates ranging from $0.18 to $0.24. Hain Celestial Group posted earnings of $0.27 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 18.5%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, August 29th.

According to Zacks, analysts expect that Hain Celestial Group will report full-year earnings of $0.66 per share for the current year, with EPS estimates ranging from $0.62 to $0.69. For the next year, analysts expect that the company will report earnings of $0.82 per share, with EPS estimates ranging from $0.67 to $1.06. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Hain Celestial Group.

A number of research firms have issued reports on HAIN. UBS Group set a $15.00 target price on Hain Celestial Group and gave the company a “sell” rating in a research note on Monday, May 13th. Zacks Investment Research cut Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Maxim Group restated a “buy” rating and issued a $28.00 price target (up from $25.00) on shares of Hain Celestial Group in a report on Friday, May 10th. Buckingham Research set a $23.00 price target on Hain Celestial Group and gave the company a “hold” rating in a report on Friday, May 10th. Finally, SunTrust Banks boosted their price target on Hain Celestial Group to $20.00 and gave the company a “hold” rating in a report on Friday, May 10th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.39.

Several institutional investors have recently modified their holdings of the company. State of New Jersey Common Pension Fund D lifted its holdings in shares of Hain Celestial Group by 9.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 3,280,000 shares of the company’s stock valued at $75,834,000 after purchasing an additional 280,000 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Hain Celestial Group by 32.4% during the second quarter. Wells Fargo & Company MN now owns 3,119,232 shares of the company’s stock worth $68,311,000 after acquiring an additional 763,297 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Hain Celestial Group during the second quarter worth about $51,014,000. Paradice Investment Management LLC raised its holdings in Hain Celestial Group by 5.4% during the second quarter. Paradice Investment Management LLC now owns 2,064,929 shares of the company’s stock worth $45,222,000 after acquiring an additional 106,351 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in Hain Celestial Group by 9.7% during the first quarter. Parametric Portfolio Associates LLC now owns 1,697,478 shares of the company’s stock worth $39,246,000 after acquiring an additional 149,875 shares in the last quarter. Institutional investors own 96.77% of the company’s stock.

NASDAQ:HAIN traded down $0.24 on Wednesday, reaching $18.36. The company’s stock had a trading volume of 2,233,617 shares, compared to its average volume of 1,567,576. Hain Celestial Group has a 1-year low of $14.45 and a 1-year high of $29.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.22 and a current ratio of 2.16. The firm has a market cap of $1.91 billion, a PE ratio of 15.83, a PEG ratio of 13.30 and a beta of 1.37. The business’s 50-day moving average price is $21.37 and its two-hundred day moving average price is $21.21.

Hain Celestial Group Company Profile

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

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