Zacks: Analysts Anticipate The Hain Celestial Group, Inc. (HAIN) Will Announce Quarterly Sales of $695.06 Million

Brokerages forecast that The Hain Celestial Group, Inc. (NASDAQ:HAIN) will post $695.06 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for The Hain Celestial Group’s earnings, with the lowest sales estimate coming in at $685.30 million and the highest estimate coming in at $708.39 million. The Hain Celestial Group reported sales of $681.46 million during the same quarter last year, which indicates a positive year over year growth rate of 2%. The firm is scheduled to report its next earnings results before the market opens on Tuesday, November 7th.

On average, analysts expect that The Hain Celestial Group will report full-year sales of $695.06 million for the current year, with estimates ranging from $2.94 billion to $3.04 billion. For the next financial year, analysts expect that the firm will post sales of $3.08 billion per share, with estimates ranging from $3.04 billion to $3.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow The Hain Celestial Group.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $725.10 million for the quarter, compared to analysts’ expectations of $720.70 million. The Hain Celestial Group had a net margin of 2.36% and a return on equity of 7.65%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS.

Several brokerages recently issued reports on HAIN. Wells Fargo & Company set a $42.00 target price on shares of The Hain Celestial Group and gave the stock a “hold” rating in a research note on Saturday, July 1st. Maxim Group reissued a “buy” rating and set a $50.00 target price on shares of The Hain Celestial Group in a research note on Tuesday, August 29th. Vetr lowered shares of The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $39.79 target price on the stock. in a research note on Monday, July 3rd. BidaskClub raised shares of The Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Finally, Barclays PLC reissued a “hold” rating and set a $39.00 target price on shares of The Hain Celestial Group in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.78.

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Several hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank purchased a new stake in shares of The Hain Celestial Group in the second quarter valued at about $13,584,000. Proxima Capital Management LLC purchased a new stake in shares of The Hain Celestial Group in the second quarter valued at about $4,076,000. Sterling Capital Management LLC purchased a new stake in shares of The Hain Celestial Group in the second quarter valued at about $281,000. Kalos Management Inc. raised its holdings in shares of The Hain Celestial Group by 10.2% in the second quarter. Kalos Management Inc. now owns 11,639 shares of the company’s stock valued at $451,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of The Hain Celestial Group by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 31,557 shares of the company’s stock valued at $1,225,000 after purchasing an additional 462 shares during the last quarter. Institutional investors own 91.98% of the company’s stock.

Shares of The Hain Celestial Group (NASDAQ:HAIN) opened at 37.94 on Friday. The company has a market capitalization of $3.94 billion, a PE ratio of 58.37 and a beta of 1.28. The company has a 50-day moving average of $40.71 and a 200 day moving average of $38.97. The Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61.

The Hain Celestial Group announced that its Board of Directors has approved a stock buyback plan on Thursday, June 22nd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

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Earnings History and Estimates for The Hain Celestial Group (NASDAQ:HAIN)

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