$0.07 EPS Expected for Hain Celestial Group Inc (NASDAQ:HAIN) This Quarter

Equities analysts expect Hain Celestial Group Inc (NASDAQ:HAIN) to announce $0.07 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Hain Celestial Group’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.10. Hain Celestial Group reported earnings of $0.09 per share during the same quarter last year, which would indicate a negative year over year growth rate of 22.2%. The firm is expected to announce its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Hain Celestial Group will report full year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.70. For the next year, analysts expect that the company will report earnings of $0.84 per share, with EPS estimates ranging from $0.80 to $0.88. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Hain Celestial Group.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The business had revenue of $557.68 million for the quarter, compared to analysts’ expectations of $537.66 million. Hain Celestial Group had a negative net margin of 7.96% and a positive return on equity of 4.33%. The business’s revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share.

A number of brokerages recently commented on HAIN. Barclays decreased their price target on Hain Celestial Group from $23.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. Loop Capital decreased their price target on Hain Celestial Group to $20.00 and set a “hold” rating for the company in a research report on Wednesday, August 28th. Citigroup decreased their price target on Hain Celestial Group from $29.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. JPMorgan Chase & Co. downgraded Hain Celestial Group from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $23.00 to $18.00 in a research report on Tuesday, August 20th. Finally, BidaskClub raised Hain Celestial Group from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Hain Celestial Group presently has an average rating of “Hold” and a consensus target price of $23.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Midwest Bank Trust Division grew its holdings in Hain Celestial Group by 16.9% during the third quarter. First Midwest Bank Trust Division now owns 178,367 shares of the company’s stock valued at $3,830,000 after purchasing an additional 25,838 shares during the period. Nisa Investment Advisors LLC bought a new stake in Hain Celestial Group during the third quarter valued at $64,000. PGGM Investments increased its stake in Hain Celestial Group by 3.7% during the third quarter. PGGM Investments now owns 1,955,297 shares of the company’s stock valued at $41,990,000 after purchasing an additional 70,000 shares during the last quarter. Alpha Windward LLC bought a new stake in Hain Celestial Group during the third quarter valued at $416,000. Finally, Roubaix Capital LLC bought a new stake in Hain Celestial Group during the third quarter valued at $2,584,000. 99.63% of the stock is owned by institutional investors and hedge funds.

Shares of HAIN traded down $0.23 on Monday, reaching $21.94. 510,351 shares of the company’s stock traded hands, compared to its average volume of 1,492,096. The company has a current ratio of 1.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.33 billion, a PE ratio of 33.23, a PEG ratio of 16.68 and a beta of 1.39. The stock’s 50 day simple moving average is $20.83 and its two-hundred day simple moving average is $21.39. Hain Celestial Group has a 52-week low of $14.45 and a 52-week high of $26.44.

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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