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.
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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