$0.42 EPS Expected for Hain Celestial Group Inc (HAIN) This Quarter

Equities analysts forecast that Hain Celestial Group Inc (NASDAQ:HAIN) will report earnings of $0.42 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Hain Celestial Group’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.40. Hain Celestial Group reported earnings per share of $0.32 during the same quarter last year, which indicates a positive year over year growth rate of 31.3%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Hain Celestial Group will report full year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.60 to $1.71. For the next fiscal year, analysts forecast that the company will post earnings of $1.84 per share, with EPS estimates ranging from $1.73 to $1.96. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Hain Celestial Group.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The company had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. Hain Celestial Group’s revenue was up 3.9% compared to the same quarter last year.

Several research firms recently issued reports on HAIN. BidaskClub upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Loop Capital set a $38.00 price target on Hain Celestial Group and gave the stock a “hold” rating in a research report on Thursday, December 28th. Maxim Group restated a “sell” rating on shares of Hain Celestial Group in a research report on Tuesday, December 19th. Jefferies Group restated a “buy” rating and set a $52.00 price target on shares of Hain Celestial Group in a research report on Friday, November 17th. Finally, SunTrust Banks restated a “hold” rating and set a $35.00 price target on shares of Hain Celestial Group in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.31.

Hain Celestial Group (NASDAQ:HAIN) traded down $1.03 on Friday, reaching $40.92. The company had a trading volume of 750,400 shares, compared to its average volume of 1,840,000. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. Hain Celestial Group has a fifty-two week low of $31.01 and a fifty-two week high of $45.61. The company has a market cap of $4,270.00, a price-to-earnings ratio of 54.56, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25.

In other Hain Celestial Group news, CFO James M. Langrock acquired 5,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $34.40 per share, for a total transaction of $172,000.00. Following the acquisition, the chief financial officer now owns 59,233 shares in the company, valued at approximately $2,037,615.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Irwin D. Simon acquired 50,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $34.14 per share, with a total value of $1,707,000.00. Following the acquisition, the chief executive officer now owns 1,695,014 shares in the company, valued at approximately $57,867,777.96. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 68,500 shares of company stock valued at $2,352,730. Company insiders own 12.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Hain Celestial Group by 16.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 412,233 shares of the company’s stock valued at $16,003,000 after purchasing an additional 59,064 shares during the period. Legal & General Group Plc lifted its stake in shares of Hain Celestial Group by 15.9% in the 2nd quarter. Legal & General Group Plc now owns 108,363 shares of the company’s stock valued at $4,206,000 after purchasing an additional 14,900 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of Hain Celestial Group in the 2nd quarter valued at approximately $1,289,000. Federated Investors Inc. PA lifted its stake in shares of Hain Celestial Group by 4.3% in the 2nd quarter. Federated Investors Inc. PA now owns 58,979 shares of the company’s stock valued at $2,290,000 after purchasing an additional 2,453 shares during the period. Finally, Utah Retirement Systems lifted its stake in shares of Hain Celestial Group by 0.5% in the 2nd quarter. Utah Retirement Systems now owns 18,600 shares of the company’s stock valued at $722,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 89.95% of the company’s stock.

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About Hain Celestial Group

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

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