Analysts Set Expectations for The Hain Celestial Group, Inc.’s Q3 2024 Earnings (NASDAQ:HAIN)

The Hain Celestial Group, Inc. (NASDAQ:HAIN) – William Blair issued their Q3 2024 EPS estimates for shares of The Hain Celestial Group in a report released on Thursday, August 24th. William Blair analyst J. Andersen anticipates that the company will post earnings per share of $0.16 for the quarter. The consensus estimate for The Hain Celestial Group’s current full-year earnings is $0.58 per share. William Blair also issued estimates for The Hain Celestial Group’s Q4 2024 earnings at $0.18 EPS.

Other equities research analysts have also issued research reports about the stock. Mizuho decreased their price objective on shares of The Hain Celestial Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday. Piper Sandler lowered their price target on shares of The Hain Celestial Group from $16.00 to $13.00 in a report on Thursday, June 22nd. StockNews.com assumed coverage on The Hain Celestial Group in a report on Sunday, August 20th. They set a “hold” rating on the stock. Barclays lowered their target price on The Hain Celestial Group from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, July 20th. Finally, Sanford C. Bernstein cut their price target on The Hain Celestial Group from $30.00 to $23.00 in a research note on Wednesday, May 10th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $18.50.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN opened at $11.86 on Monday. The business has a fifty day moving average of $12.40 and a 200-day moving average of $14.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.13 and a current ratio of 2.56. The Hain Celestial Group has a twelve month low of $10.98 and a twelve month high of $23.59. The firm has a market cap of $1.06 billion, a PE ratio of -9.12 and a beta of 0.92.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The Hain Celestial Group had a positive return on equity of 4.30% and a negative net margin of 6.49%. The business had revenue of $447.80 million for the quarter, compared to analyst estimates of $435.61 million. During the same period in the prior year, the company earned $0.08 EPS. The Hain Celestial Group’s revenue for the quarter was down 2.0% on a year-over-year basis.

Institutional Trading of The Hain Celestial Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky increased its stake in The Hain Celestial Group by 5.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 30,050 shares of the company’s stock valued at $376,000 after purchasing an additional 1,651 shares in the last quarter. Nuveen Asset Management LLC raised its stake in The Hain Celestial Group by 36.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 340,193 shares of the company’s stock worth $4,256,000 after buying an additional 91,636 shares during the period. Woodline Partners LP bought a new position in The Hain Celestial Group during the second quarter worth about $906,000. XTX Topco Ltd acquired a new position in The Hain Celestial Group in the second quarter valued at about $308,000. Finally, Goldman Sachs Group Inc. grew its stake in The Hain Celestial Group by 31.8% in the second quarter. Goldman Sachs Group Inc. now owns 534,882 shares of the company’s stock valued at $6,691,000 after acquiring an additional 129,186 shares during the period. 93.58% of the stock is owned by institutional investors.

About The Hain Celestial Group

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.