Seaport Global Securities Comments on Hain Celestial Group Inc’s Q1 2021 Earnings (NASDAQ:HAIN)

Hain Celestial Group Inc (NASDAQ:HAIN) – Investment analysts at Seaport Global Securities issued their Q1 2021 earnings per share estimates for Hain Celestial Group in a report released on Tuesday, September 8th. Seaport Global Securities analyst E. Larson expects that the company will earn $0.19 per share for the quarter. Seaport Global Securities currently has a “Buy” rating and a $38.00 target price on the stock. Seaport Global Securities also issued estimates for Hain Celestial Group’s Q2 2021 earnings at $0.26 EPS, Q3 2021 earnings at $0.35 EPS, Q4 2021 earnings at $0.36 EPS, FY2021 earnings at $1.16 EPS, Q1 2022 earnings at $0.26 EPS, Q2 2022 earnings at $0.31 EPS, Q3 2022 earnings at $0.42 EPS, Q4 2022 earnings at $0.40 EPS and FY2022 earnings at $1.39 EPS.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Hain Celestial Group from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, August 27th. Truist boosted their price target on shares of Hain Celestial Group from $25.00 to $30.00 in a research report on Wednesday, August 26th. BidaskClub cut shares of Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Sanford C. Bernstein upgraded shares of Hain Celestial Group from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Tuesday, May 19th. Finally, Evercore ISI raised shares of Hain Celestial Group from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $35.00 to $38.00 in a research note on Wednesday, August 26th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $31.33.

Shares of NASDAQ:HAIN opened at $32.64 on Friday. The company’s fifty day moving average is $33.37 and its 200 day moving average is $29.32. Hain Celestial Group has a 52 week low of $18.12 and a 52 week high of $34.53. The stock has a market cap of $3.37 billion, a PE ratio of -42.39 and a beta of 0.75. The company has a quick ratio of 1.04, a current ratio of 1.87 and a debt-to-equity ratio of 0.19.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $511.70 million during the quarter, compared to the consensus estimate of $519.39 million. Hain Celestial Group had a negative net margin of 3.91% and a positive return on equity of 5.93%. The firm’s revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS.

A number of institutional investors have recently made changes to their positions in the business. Copper Rock Capital Partners LLC bought a new position in Hain Celestial Group in the second quarter worth about $360,173,000. Vanguard Group Inc. raised its holdings in Hain Celestial Group by 1.0% in the second quarter. Vanguard Group Inc. now owns 7,841,189 shares of the company’s stock worth $247,075,000 after purchasing an additional 78,759 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Hain Celestial Group by 7.2% in the first quarter. Wells Fargo & Company MN now owns 3,869,136 shares of the company’s stock worth $100,481,000 after purchasing an additional 259,760 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Hain Celestial Group by 1.1% in the first quarter. The Manufacturers Life Insurance Company now owns 2,256,701 shares of the company’s stock worth $58,607,000 after purchasing an additional 23,789 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of Hain Celestial Group by 67.1% during the first quarter. Clearbridge Investments LLC now owns 1,112,365 shares of the company’s stock valued at $28,888,000 after acquiring an additional 446,568 shares in the last quarter.

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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