Wall Street analysts expect The Hain Celestial Group, Inc. (NASDAQ:HAIN – Get Rating) to post $527.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for The Hain Celestial Group’s earnings, with the highest sales estimate coming in at $544.10 million and the lowest estimate coming in at $511.18 million. The Hain Celestial Group reported sales of $492.60 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that The Hain Celestial Group will report full year sales of $1.96 billion for the current year, with estimates ranging from $1.92 billion to $1.98 billion. For the next financial year, analysts forecast that the company will post sales of $2.11 billion, with estimates ranging from $2.07 billion to $2.15 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover The Hain Celestial Group.
The Hain Celestial Group (NASDAQ:HAIN – Get Rating) last released its earnings results on Thursday, February 3rd. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $475.49 million during the quarter, compared to the consensus estimate of $480.04 million. The Hain Celestial Group had a return on equity of 10.12% and a net margin of 6.67%. The Hain Celestial Group’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share.
Shares of HAIN opened at $34.20 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.95 and a quick ratio of 0.97. The Hain Celestial Group has a 1-year low of $31.88 and a 1-year high of $48.88. The firm has a 50 day simple moving average of $34.80 and a 200-day simple moving average of $39.25. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 26.93 and a beta of 0.74.
In other The Hain Celestial Group news, Director Glenn W. Welling sold 350,000 shares of the stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $36.03, for a total transaction of $12,610,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Glenn W. Welling sold 10,833 shares of the firm’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $34.98, for a total transaction of $378,938.34. The disclosure for this sale can be found here. 16.90% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in The Hain Celestial Group by 12.4% in the fourth quarter. BlackRock Inc. now owns 8,122,985 shares of the company’s stock valued at $346,121,000 after buying an additional 897,216 shares during the period. Alliancebernstein L.P. lifted its stake in The Hain Celestial Group by 1.3% in the third quarter. Alliancebernstein L.P. now owns 5,873,606 shares of the company’s stock valued at $251,273,000 after buying an additional 77,291 shares during the period. Black Creek Investment Management Inc. boosted its holdings in The Hain Celestial Group by 12.3% during the fourth quarter. Black Creek Investment Management Inc. now owns 5,587,030 shares of the company’s stock worth $238,063,000 after buying an additional 612,002 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in shares of The Hain Celestial Group by 5.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 4,157,562 shares of the company’s stock worth $177,173,000 after buying an additional 225,435 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of The Hain Celestial Group by 0.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,770,722 shares of the company’s stock worth $118,532,000 after buying an additional 15,361 shares during the period. 91.30% of the stock is owned by institutional investors.
The Hain Celestial Group Company Profile (Get Rating)
The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, and internationally. It operates through two segments, North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; and condiments.
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