Brokerages forecast that Hain Celestial Group Inc (NASDAQ:HAIN) will post $493.23 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Hain Celestial Group’s earnings, with the lowest sales estimate coming in at $472.70 million and the highest estimate coming in at $522.50 million. Hain Celestial Group posted sales of $560.83 million in the same quarter last year, which suggests a negative year over year growth rate of 12.1%. The business is scheduled to issue its next earnings report on Thursday, November 14th.
On average, analysts expect that Hain Celestial Group will report full-year sales of $2.01 billion for the current year, with estimates ranging from $1.96 billion to $2.08 billion. For the next year, analysts forecast that the business will report sales of $2.01 billion, with estimates ranging from $1.95 billion to $2.11 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Hain Celestial Group.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $557.68 million during 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 firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS.
A number of analysts recently issued reports on HAIN shares. Barclays lowered their price target on Hain Celestial Group from $23.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. Loop Capital lowered their price target on Hain Celestial Group to $20.00 and set a “hold” rating for the company in a report on Wednesday, August 28th. ValuEngine upgraded Hain Celestial Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. lowered Hain Celestial Group from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $23.00 to $18.00 in a report on Tuesday, August 20th. Finally, Maxim Group reiterated a “buy” rating and issued a $28.00 price target on shares of Hain Celestial Group in a report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $23.33.
Shares of NASDAQ HAIN opened at $22.21 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.83. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 33.65 and a beta of 1.39. The stock has a 50 day moving average price of $21.09 and a 200 day moving average price of $21.38. Hain Celestial Group has a 52-week low of $14.45 and a 52-week high of $26.44.
A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted 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 buying an additional 763,297 shares during the period. Nuveen Asset Management LLC purchased a new stake in Hain Celestial Group during the second quarter worth $51,014,000. Paradice Investment Management LLC lifted 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 buying an additional 106,351 shares during the period. PGGM Investments lifted its holdings in Hain Celestial Group by 3.7% during the third quarter. PGGM Investments now owns 1,955,297 shares of the company’s stock worth $41,990,000 after buying an additional 70,000 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in Hain Celestial Group by 0.6% during the second quarter. Brown Advisory Inc. now owns 1,305,360 shares of the company’s stock worth $28,586,000 after buying an additional 7,629 shares during the period. Institutional investors own 99.63% 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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