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.
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.
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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.
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