Hain Celestial Group (NASDAQ:HAIN) announced its quarterly earnings data on Thursday. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01, Briefing.com reports. Hain Celestial Group had a negative net margin of 7.96% and a positive return on equity of 4.33%. The firm had revenue of $482.10 million during the quarter, compared to analysts’ expectations of $492.07 million. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. Hain Celestial Group updated its FY20 guidance to $0.59-$0.72 EPS.
HAIN traded up $0.38 during midday trading on Friday, reaching $25.92. 2,527,400 shares of the company’s stock were exchanged, compared to its average volume of 1,460,906. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 0.88. Hain Celestial Group has a 1-year low of $14.45 and a 1-year high of $26.49. The business’s 50-day moving average price is $22.04 and its 200 day moving average price is $21.50. The stock has a market capitalization of $2.53 billion, a PE ratio of 39.27 and a beta of 1.40.
HAIN has been the subject of several recent analyst reports. BidaskClub upgraded shares of Hain Celestial Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Barclays reduced their price objective on shares of Hain Celestial Group from $23.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Loop Capital reduced their price objective on shares of Hain Celestial Group to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. Zacks Investment Research upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut shares of Hain Celestial Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $23.00 to $18.00 in a research note on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $23.88.
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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