Equities Analysts Issue Forecasts for The Hain Celestial Group, Inc.’s Q2 2023 Earnings (NASDAQ:HAIN)

The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) – Equities research analysts at William Blair cut their Q2 2023 earnings per share (EPS) estimates for The Hain Celestial Group in a research note issued on Tuesday, November 8th. William Blair analyst J. Andersen now expects that the company will earn $0.13 per share for the quarter, down from their previous estimate of $0.21. The consensus estimate for The Hain Celestial Group’s current full-year earnings is $0.86 per share. William Blair also issued estimates for The Hain Celestial Group’s Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.28 EPS and FY2024 earnings at $0.94 EPS.

A number of other research firms have also weighed in on HAIN. Evercore ISI reduced their price objective on shares of The Hain Celestial Group to $30.00 in a research note on Monday, August 15th. CL King dropped their price objective on The Hain Celestial Group from $28.00 to $25.00 in a report on Tuesday, October 25th. Piper Sandler lowered The Hain Celestial Group from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $17.00 in a report on Thursday, October 20th. StockNews.com started coverage on shares of The Hain Celestial Group in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Consumer Edge cut shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $30.00 to $23.00 in a research note on Monday, August 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.70.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $20.24 on Thursday. The firm has a market cap of $1.81 billion, a P/E ratio of 28.51 and a beta of 0.79. The company has a quick ratio of 1.08, a current ratio of 2.23 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average is $17.83 and its 200-day moving average is $22.41. The Hain Celestial Group has a 12-month low of $15.23 and a 12-month high of $44.74.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.19). The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $461.69 million. The Hain Celestial Group had a return on equity of 7.89% and a net margin of 4.12%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. Wipfli Financial Advisors LLC bought a new stake in The Hain Celestial Group during the third quarter worth about $27,000. Quadrant Capital Group LLC lifted its position in The Hain Celestial Group by 142.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,186 shares of the company’s stock worth $28,000 after buying an additional 697 shares during the last quarter. Ronald Blue Trust Inc. purchased a new stake in The Hain Celestial Group in the second quarter worth approximately $30,000. Ellevest Inc. grew its position in The Hain Celestial Group by 5,019.7% during the third quarter. Ellevest Inc. now owns 3,123 shares of the company’s stock valued at $53,000 after acquiring an additional 3,062 shares during the last quarter. Finally, CWM LLC raised its stake in shares of The Hain Celestial Group by 377.8% during the third quarter. CWM LLC now owns 3,421 shares of the company’s stock worth $58,000 after acquiring an additional 2,705 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

About The Hain Celestial Group

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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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Earnings History and Estimates for The Hain Celestial Group (NASDAQ:HAIN)

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