Hain Celestial Group Inc (NASDAQ:HAIN) shares gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $34.38, but opened at $34.69. Hain Celestial Group shares last traded at $34.60, with a volume of 1275777 shares.
The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The business had revenue of $775.20 million during the quarter, compared to analysts’ expectations of $774.50 million. During the same quarter in the previous year, the company posted $0.32 EPS. The company’s revenue was up 4.8% compared to the same quarter last year.
A number of brokerages recently issued reports on HAIN. BidaskClub raised 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 target price on Hain Celestial Group and gave the company a “hold” rating in a research report on Thursday, December 28th. Zacks Investment Research cut Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Maxim Group reissued a “sell” rating on shares of Hain Celestial Group in a research report on Tuesday, December 19th. Finally, Susquehanna Bancshares reissued a “hold” rating and issued a $43.00 target price on shares of Hain Celestial Group in a research report on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $40.90.
The company has a quick ratio of 1.22, a current ratio of 2.50 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3,590.00, a PE ratio of 36.54, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09.
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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