Hain Celestial Group Inc (HAIN) Forecasted to Post Q3 2018 Earnings of $0.49 Per Share

Hain Celestial Group Inc (NASDAQ:HAIN) – Jefferies Group lifted their Q3 2018 earnings per share (EPS) estimates for shares of Hain Celestial Group in a research note issued to investors on Thursday. Jefferies Group analyst A. Jagdale now forecasts that the company will post earnings per share of $0.49 for the quarter, up from their previous forecast of $0.47. Jefferies Group currently has a “Buy” rating and a $52.00 target price on the stock. Jefferies Group also issued estimates for Hain Celestial Group’s Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $1.70 EPS, Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $1.94 EPS, Q2 2020 earnings at $0.53 EPS, FY2020 earnings at $2.24 EPS and FY2021 earnings at $2.60 EPS.

A number of other analysts have also commented on the stock. Barclays reaffirmed a “hold” rating and set a $36.00 target price on shares of Hain Celestial Group in a report on Friday. Zacks Investment Research raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets lowered their target price on shares of Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Susquehanna Bancshares set a $43.00 price target on shares of Hain Celestial Group and gave the company a “hold” rating in a report on Monday, February 5th. Finally, BidaskClub lowered shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Saturday, January 13th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.72.

Hain Celestial Group (NASDAQ:HAIN) traded down $0.52 on Monday, reaching $33.21. 1,071,600 shares of the company’s stock were exchanged, compared to its average volume of 1,109,210. The company has a quick ratio of 1.19, a current ratio of 2.44 and a debt-to-equity ratio of 0.41. Hain Celestial Group has a 12-month low of $31.01 and a 12-month high of $45.61. The firm has a market cap of $3,505.15, a price-to-earnings ratio of 24.09, a PEG ratio of 1.45 and a beta of 1.09.

Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Hain Celestial Group had a return on equity of 8.35% and a net margin of 3.38%. The business had revenue of $775.20 million for the quarter, compared to analyst estimates of $774.50 million. During the same period in the prior year, the firm posted $0.32 EPS. Hain Celestial Group’s revenue was up 4.8% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Hain Celestial Group by 1.3% in the 4th quarter. BlackRock Inc. now owns 8,355,740 shares of the company’s stock valued at $354,201,000 after buying an additional 109,061 shares during the period. Schroder Investment Management Group boosted its stake in Hain Celestial Group by 13.1% in the 4th quarter. Schroder Investment Management Group now owns 1,834,284 shares of the company’s stock worth $77,755,000 after purchasing an additional 212,145 shares during the period. Point72 Asset Management L.P. boosted its stake in Hain Celestial Group by 104.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,752,500 shares of the company’s stock worth $72,115,000 after purchasing an additional 894,300 shares during the period. Anchor Capital Advisors LLC boosted its stake in Hain Celestial Group by 10.4% in the 3rd quarter. Anchor Capital Advisors LLC now owns 1,151,697 shares of the company’s stock worth $47,392,000 after purchasing an additional 108,737 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in Hain Celestial Group by 9.6% in the 4th quarter. Eagle Asset Management Inc. now owns 841,087 shares of the company’s stock worth $35,240,000 after purchasing an additional 73,358 shares during the period. 90.03% of the stock is owned by institutional investors.

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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.

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

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