Brokerages expect Hain Celestial Group Inc (NASDAQ:HAIN) to post sales of $749.36 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Hain Celestial Group’s earnings. The lowest sales estimate is $733.90 million and the highest is $772.20 million. Hain Celestial Group posted sales of $706.56 million in the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The firm is expected to issue its next quarterly earnings results on Thursday, June 28th.
On average, analysts expect that Hain Celestial Group will report full year sales of $749.36 million for the current fiscal year, with estimates ranging from $2.97 billion to $3.03 billion. For the next year, analysts anticipate that the company will report sales of $3.11 billion per share, with estimates ranging from $3.08 billion to $3.16 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Hain Celestial Group.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 quarter in the previous year, the business posted $0.32 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis.
A number of analysts have weighed in on the company. Susquehanna Bancshares set a $43.00 price target on Hain Celestial Group and gave the stock a “hold” rating in a report on Monday, February 5th. Zacks Investment Research upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Barclays reiterated a “hold” rating and set a $36.00 price target on shares of Hain Celestial Group in a report on Friday, February 9th. BMO Capital Markets decreased their price target on 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. Finally, Jefferies Group reiterated a “buy” rating and set a $52.00 price target on shares of Hain Celestial Group in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $41.11.
Shares of Hain Celestial Group (NASDAQ:HAIN) traded down $0.86 during trading on Friday, reaching $34.30. The company’s stock had a trading volume of 789,653 shares, compared to its average volume of 1,250,000. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 2.44. Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61. The firm has a market cap of $3,560.00, a P/E ratio of 48.31, a P/E/G ratio of 1.12 and a beta of 1.14.
In other news, Director Glenn W. Welling bought 1,407,543 shares of Hain Celestial Group stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $34.83 per share, for a total transaction of $49,024,722.69. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 12.34% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Credit Agricole S A acquired a new stake in shares of Hain Celestial Group in the 4th quarter valued at about $101,000. Calton & Associates Inc. acquired a new position in Hain Celestial Group during the 4th quarter valued at about $110,000. Stuart Chaussee & Associates Inc. acquired a new position in Hain Celestial Group during the 4th quarter valued at about $127,000. Westside Investment Management Inc. boosted its stake in Hain Celestial Group by 1,500.0% during the 4th quarter. Westside Investment Management Inc. now owns 3,200 shares of the company’s stock valued at $131,000 after purchasing an additional 3,000 shares during the last quarter. Finally, KBC Group NV boosted its stake in Hain Celestial Group by 106.9% during the 4th quarter. KBC Group NV now owns 3,752 shares of the company’s stock valued at $159,000 after purchasing an additional 1,939 shares during the last quarter. Institutional investors own 91.19% of the company’s stock.
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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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