Hain Celestial Group (NASDAQ:HAIN) Announces Quarterly Earnings Results

Hain Celestial Group (NASDAQ:HAIN) released its quarterly earnings data on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01), Morningstar.com reports. Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. The company had revenue of $557.68 million during the quarter, compared to analyst estimates of $537.66 million. During the same quarter in the prior year, the company earned $0.27 EPS. The business’s revenue was down 10.0% on a year-over-year basis. Hain Celestial Group updated its FY 2020 guidance to $0.62-0.75 EPS.

NASDAQ HAIN opened at $18.36 on Thursday. The stock has a market capitalization of $1.93 billion, a P/E ratio of 15.83, a P/E/G ratio of 11.46 and a beta of 1.37. Hain Celestial Group has a 52-week low of $14.45 and a 52-week high of $29.42. The firm has a 50-day moving average price of $20.86 and a 200 day moving average price of $21.25. The company has a quick ratio of 1.22, a current ratio of 2.16 and a debt-to-equity ratio of 0.47.

Several equities analysts have issued reports on the stock. SunTrust Banks upped their price objective on shares of Hain Celestial Group to $20.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Evercore ISI assumed coverage on shares of Hain Celestial Group in a research note on Tuesday, June 11th. They issued an “in-line” rating and a $22.00 price objective for the company. UBS Group set a $15.00 price objective on shares of Hain Celestial Group and gave the company a “sell” rating in a research note on Monday, May 13th. JPMorgan Chase & Co. downgraded shares of Hain Celestial Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $23.00 to $18.00 in a research note on Tuesday, August 20th. Finally, Buckingham Research set a $23.00 price objective on shares of Hain Celestial Group and gave the company a “hold” rating in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $23.68.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management purchased a new position in Hain Celestial Group during the first quarter worth about $304,000. Van Hulzen Asset Management LLC purchased a new position in Hain Celestial Group during the first quarter worth about $422,000. Wedbush Securities Inc. raised its holdings in Hain Celestial Group by 11.7% during the second quarter. Wedbush Securities Inc. now owns 16,210 shares of the company’s stock worth $355,000 after purchasing an additional 1,695 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Hain Celestial Group by 17.7% in the second quarter. Gamco Investors INC. ET AL now owns 799,020 shares of the company’s stock valued at $17,499,000 after buying an additional 120,422 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in Hain Celestial Group by 9.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 3,280,000 shares of the company’s stock valued at $75,834,000 after buying an additional 280,000 shares in the last quarter. 96.77% of the stock is owned by hedge funds and other institutional investors.

Hain Celestial Group Company Profile

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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