Hain Celestial Group (HAIN) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Hain Celestial Group (NASDAQ:HAIN) issued its earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.04), MarketWatch Earnings reports. The firm had revenue of $560.88 million during the quarter, compared to analyst estimates of $588.12 million. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. Hain Celestial Group updated its FY 2019 guidance to $1.21-1.38 EPS and its FY19 guidance to $1.21-1.38 EPS.

Shares of Hain Celestial Group stock traded down $3.69 during trading on Thursday, reaching $22.44. The company’s stock had a trading volume of 253,121 shares, compared to its average volume of 1,131,089. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.83 and a beta of 1.09. Hain Celestial Group has a fifty-two week low of $23.75 and a fifty-two week high of $44.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.49 and a quick ratio of 1.56.

Several brokerages recently weighed in on HAIN. ValuEngine cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 18th. Piper Jaffray Companies began coverage on shares of Hain Celestial Group in a report on Friday, October 12th. They issued a “hold” rating and a $26.00 target price on the stock. Maxim Group reaffirmed a “buy” rating and issued a $40.00 target price on shares of Hain Celestial Group in a report on Tuesday, August 28th. Jefferies Financial Group set a $40.00 target price on shares of Hain Celestial Group and gave the company a “buy” rating in a report on Wednesday, August 29th. Finally, Zacks Investment Research cut shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $32.53.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Hain Celestial Group by 1.0% in the 2nd quarter. BlackRock Inc. now owns 8,777,416 shares of the company’s stock valued at $261,568,000 after acquiring an additional 89,119 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in shares of Hain Celestial Group by 9.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,950,000 shares of the company’s stock valued at $80,004,000 after acquiring an additional 250,000 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Hain Celestial Group by 46.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock valued at $51,358,000 after acquiring an additional 545,113 shares during the period. Eagle Asset Management Inc. increased its holdings in shares of Hain Celestial Group by 9.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,050,836 shares of the company’s stock valued at $31,314,000 after acquiring an additional 93,717 shares during the period. Finally, PGGM Investments increased its holdings in shares of Hain Celestial Group by 37.4% in the 3rd quarter. PGGM Investments now owns 1,046,297 shares of the company’s stock valued at $28,376,000 after acquiring an additional 285,000 shares during the period. 92.96% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History for Hain Celestial Group (NASDAQ:HAIN)

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