Analysts Expect The Hain Celestial Group, Inc. (NASDAQ:HAIN) to Announce $0.46 EPS

Analysts forecast that The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) will announce $0.46 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for The Hain Celestial Group’s earnings, with estimates ranging from $0.43 to $0.48. The Hain Celestial Group reported earnings of $0.44 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that The Hain Celestial Group will report full year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.49 to $1.54. For the next fiscal year, analysts anticipate that the company will report earnings of $1.81 per share, with EPS estimates ranging from $1.75 to $1.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover The Hain Celestial Group.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.12). The Hain Celestial Group had a return on equity of 10.12% and a net margin of 6.67%. The business had revenue of $502.94 million for the quarter, compared to analysts’ expectations of $524.57 million. During the same period in the previous year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year.

Several analysts have issued reports on HAIN shares. Cfra cut their target price on The Hain Celestial Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, February 4th. StockNews.com started coverage on The Hain Celestial Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a research note on Thursday, January 6th. Consumer Edge raised The Hain Celestial Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 8th. Finally, Jefferies Financial Group started coverage on The Hain Celestial Group in a research note on Friday, March 18th. They issued a “hold” rating and a $41.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $49.00.

In related news, Director Glenn W. Welling sold 350,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn W. Welling sold 10,833 shares of the business’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of $34.98, for a total value of $378,938.34. The disclosure for this sale can be found here. 16.90% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in shares of The Hain Celestial Group by 304.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,986,914 shares of the company’s stock valued at $84,662,000 after acquiring an additional 1,495,500 shares during the last quarter. Bank of America Corp DE raised its holdings in The Hain Celestial Group by 496.2% during the fourth quarter. Bank of America Corp DE now owns 1,455,893 shares of the company’s stock worth $62,037,000 after purchasing an additional 1,211,691 shares in the last quarter. Norges Bank acquired a new stake in The Hain Celestial Group during the fourth quarter worth approximately $46,607,000. BlackRock Inc. raised its holdings in The Hain Celestial Group by 12.4% during the fourth quarter. BlackRock Inc. now owns 8,122,985 shares of the company’s stock worth $346,121,000 after purchasing an additional 897,216 shares in the last quarter. Finally, Scout Investments Inc. raised its holdings in The Hain Celestial Group by 40.3% during the fourth quarter. Scout Investments Inc. now owns 2,257,588 shares of the company’s stock worth $96,196,000 after purchasing an additional 648,016 shares in the last quarter. Institutional investors own 94.98% of the company’s stock.

Shares of NASDAQ HAIN opened at $26.53 on Tuesday. The Hain Celestial Group has a 12 month low of $26.44 and a 12 month high of $48.88. The company has a current ratio of 1.95, a quick ratio of 0.97 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 20.89 and a beta of 0.70. The business has a 50-day moving average of $33.89 and a 200-day moving average of $38.15.

About The Hain Celestial Group (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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