Hain Celestial Group (NASDAQ:HAIN) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $0.59-$0.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68.
Several research analysts have commented on the company. BidaskClub raised Hain Celestial Group from a buy rating to a strong-buy rating in a research report on Thursday. Citigroup cut their price objective on Hain Celestial Group from $29.00 to $25.00 and set a buy rating on the stock in a research report on Tuesday, September 24th. ValuEngine raised Hain Celestial Group from a buy rating to a strong-buy rating in a research report on Friday, October 25th. Maxim Group raised their price objective on Hain Celestial Group from $28.00 to $35.00 and gave the company a buy rating in a research report on Friday. Finally, JPMorgan Chase & Co. lowered Hain Celestial Group from a neutral rating to an underweight rating and dropped their target price for the stock from $23.00 to $18.00 in a research report on Tuesday, August 20th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $23.88.
Shares of NASDAQ HAIN traded up $0.38 during midday trading on Friday, reaching $25.92. 2,527,400 shares of the company’s stock were exchanged, compared to its average volume of 1,460,906. Hain Celestial Group has a 52-week low of $14.45 and a 52-week high of $26.49. The stock has a market capitalization of $2.53 billion, a PE ratio of 39.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.83. The business’s fifty day moving average price is $21.95 and its two-hundred day moving average price is $21.48.
Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. Hain Celestial Group had a positive return on equity of 4.33% and a negative net margin of 7.96%. The business had revenue of $482.10 million for the quarter, compared to analyst estimates of $492.07 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. Analysts predict that Hain Celestial Group will post 0.67 earnings per share for the current fiscal year.
Hain Celestial Group Company Profile
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; 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; yogurts; chilies; chocolates; and nut butters.
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