Equities analysts expect Hain Celestial Group Inc (NASDAQ:HAIN) to report sales of $498.74 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Hain Celestial Group’s earnings, with estimates ranging from $490.40 million to $502.60 million. Hain Celestial Group reported sales of $584.16 million during the same quarter last year, which would suggest a negative year over year growth rate of 14.6%. The firm is expected to report its next quarterly earnings results on Thursday, February 6th.
On average, analysts expect that Hain Celestial Group will report full-year sales of $2.00 billion for the current fiscal year, with estimates ranging from $1.98 billion to $2.02 billion. For the next year, analysts anticipate that the business will post sales of $2.00 billion, with estimates ranging from $1.96 billion to $2.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Hain Celestial Group.
Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Hain Celestial Group had a positive return on equity of 4.40% and a negative net margin of 11.37%. The company had revenue of $482.10 million for the quarter, compared to analyst estimates of $492.07 million. During the same period in the prior year, the company posted $0.09 EPS. Hain Celestial Group’s quarterly revenue was down 14.0% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Inc. boosted its stake in Hain Celestial Group by 0.6% in the second quarter. Brown Advisory Inc. now owns 1,305,360 shares of the company’s stock valued at $28,586,000 after acquiring an additional 7,629 shares during the period. Parallel Advisors LLC bought a new stake in shares of Hain Celestial Group in the 2nd quarter worth approximately $88,000. Symons Capital Management Inc. bought a new stake in shares of Hain Celestial Group in the 2nd quarter worth approximately $231,000. Wedge Capital Management L L P NC bought a new stake in shares of Hain Celestial Group in the 3rd quarter worth approximately $213,000. Finally, Gamco Investors INC. ET AL boosted its position in Hain Celestial Group by 54.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,236,088 shares of the company’s stock valued at $26,545,000 after purchasing an additional 437,068 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Shares of Hain Celestial Group stock opened at $25.17 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.77. Hain Celestial Group has a 1 year low of $14.45 and a 1 year high of $26.49. The firm’s 50-day simple moving average is $24.18 and its 200-day simple moving average is $21.82. The firm has a market cap of $2.63 billion, a PE ratio of 38.13 and a beta of 1.40.
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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