Hain Celestial Group (HAIN) Expected to Announce Quarterly Sales of $749.36 Million

Equities analysts expect that Hain Celestial Group (NASDAQ:HAIN) will report sales of $749.36 million for the current fiscal quarter, according to Zacks. 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 during the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The company is scheduled to report its next earnings report on Thursday, June 28th.

On average, analysts expect that Hain Celestial Group will report full-year sales of $3.00 billion for the current year, with estimates ranging from $2.97 billion to $3.03 billion. For the next year, analysts anticipate that the business 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 sell-side research firms that cover Hain Celestial Group.

How to Become a New Pot Stock Millionaire

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Hain Celestial Group had a net margin of 3.38% and a return on equity of 8.35%. The company had revenue of $775.20 million for the quarter, compared to analysts’ expectations of $774.50 million. During the same quarter last year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis.

HAIN has been the topic of a number of recent research reports. Zacks Investment Research downgraded Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Jefferies Group restated a “buy” rating and set a $52.00 price objective on shares of Hain Celestial Group in a research report on Wednesday, February 7th. BidaskClub downgraded Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. Loop Capital restated a “hold” rating and set a $38.00 price objective on shares of Hain Celestial Group in a research report on Friday, December 22nd. Finally, BMO Capital Markets decreased their price objective on Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating on the stock in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Hain Celestial Group has an average rating of “Hold” and an average price target of $40.36.

In other Hain Celestial Group news, Director Glenn W. Welling purchased 1,407,543 shares of Hain Celestial Group stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $34.83 per share, for a total transaction of $49,024,722.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.34% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Stifel Financial Corp grew its stake in Hain Celestial Group by 12.3% in the third quarter. Stifel Financial Corp now owns 25,881 shares of the company’s stock worth $1,063,000 after purchasing an additional 2,843 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Hain Celestial Group by 10.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 455,205 shares of the company’s stock worth $18,732,000 after purchasing an additional 42,972 shares in the last quarter. Engineers Gate Manager LP bought a new position in Hain Celestial Group in the third quarter worth approximately $804,000. Mitsubishi UFJ Asset Management UK Ltd. grew its stake in Hain Celestial Group by 29.4% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 22,000 shares of the company’s stock worth $932,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Griffin Asset Management Inc. grew its stake in Hain Celestial Group by 123.5% in the fourth quarter. Griffin Asset Management Inc. now owns 66,315 shares of the company’s stock worth $2,811,000 after purchasing an additional 36,640 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors.

HAIN stock traded down $0.68 during midday trading on Friday, reaching $29.69. 1,075,384 shares of the company traded hands, compared to its average volume of 1,117,092. Hain Celestial Group has a 52-week low of $29.64 and a 52-week high of $45.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.44 and a quick ratio of 1.19. The company has a market cap of $3,272.38, a PE ratio of 24.34, a price-to-earnings-growth ratio of 1.31 and a beta of 1.13.

ILLEGAL ACTIVITY NOTICE: “Hain Celestial Group (HAIN) Expected to Announce Quarterly Sales of $749.36 Million” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/21/hain-celestial-group-hain-expected-to-announce-quarterly-sales-of-749-36-million.html.

About Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; 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; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.

Get a free copy of the Zacks research report on Hain Celestial Group (HAIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply