Hain Celestial Group (NASDAQ:HAIN) announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01), Bloomberg Earnings reports. Hain Celestial Group had a net margin of 2.95% and a return on equity of 5.15%. The company had revenue of $775.20 million for the quarter, compared to analysts’ expectations of $774.50 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. Hain Celestial Group updated its FY18 guidance to $1.64-1.75 EPS.
Hain Celestial Group (NASDAQ HAIN) traded up $0.06 on Wednesday, reaching $33.27. The company had a trading volume of 1,106,000 shares, compared to its average volume of 1,111,624. Hain Celestial Group has a 1 year low of $31.01 and a 1 year high of $45.61. The firm has a market cap of $3,510.00, a PE ratio of 47.61, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.44 and a quick ratio of 1.19.
Several brokerages have commented on HAIN. BidaskClub lowered Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Susquehanna Bancshares reissued a “hold” rating and issued a $43.00 price objective on shares of Hain Celestial Group in a report on Tuesday, January 23rd. Sanford C. Bernstein raised Hain Celestial Group from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Wednesday, November 8th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Hain Celestial Group in a research note on Thursday, November 9th. Finally, Loop Capital set a $38.00 price target on Hain Celestial Group and gave the stock a “hold” rating in a research note on Thursday, December 28th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.72.
Several large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position in shares of Hain Celestial Group by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 31,557 shares of the company’s stock worth $1,225,000 after acquiring an additional 462 shares in the last quarter. EagleClaw Capital Managment LLC boosted its position in shares of Hain Celestial Group by 9.8% during the 2nd quarter. EagleClaw Capital Managment LLC now owns 11,175 shares of the company’s stock worth $434,000 after acquiring an additional 1,000 shares in the last quarter. Kalos Management Inc. boosted its position in shares of Hain Celestial Group by 10.2% during the 2nd quarter. Kalos Management Inc. now owns 11,639 shares of the company’s stock worth $451,000 after acquiring an additional 1,076 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Hain Celestial Group by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 14,743 shares of the company’s stock worth $607,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Welch & Forbes LLC boosted its position in shares of Hain Celestial Group by 0.6% during the 3rd quarter. Welch & Forbes LLC now owns 280,165 shares of the company’s stock worth $11,528,000 after acquiring an additional 1,605 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.
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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.
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