Zacks: Analysts Expect Hain Celestial Group, Inc. (NASDAQ: HAIN) to Report EPS of $ 0.37
Equity research analysts expect The Hain Celestial Group, Inc. (NASDAQ: HAIN) to post earnings per share of $ 0.37 for the current fiscal quarter, Zack reports. Four analysts have released earnings estimates for The Hain Celestial Group, with the lowest EPS estimate at $ 0.36 and the highest estimate at $ 0.37. The Hain Celestial Group reported earnings of $ 0.34 per share in the same quarter last year, indicating a positive growth rate of 8.8% year-over-year. The company is expected to report its next quarterly results on Tuesday, February 8.
On average, analysts expect The Hain Celestial Group to report annual earnings of $ 1.66 per share for the current fiscal year, with EPS estimates ranging from $ 1.61 to $ 1.79. For next year, analysts expect the company to report earnings of $ 1.86 per share, with EPS estimates ranging from $ 1.75 to $ 1.97. Zacks’ EPS calculations are an average based on a survey of seller-side research companies that follow The Hain Celestial Group.
The Hain Celestial Group (NASDAQ: HAIN) last reported its results on Tuesday, November 9. The company reported earnings per share (EPS) of $ 0.25 for the quarter, beating the Zacks consensus estimate by $ 0.24 per $ 0.01. The Hain Celestial Group had a net margin of 5.00% and a return on equity of 9.81%. During the same period of the previous year, the company made a profit of $ 0.27 per share.
Several research firms have recently weighed in on HAIN. Evercore ISI Upgraded The Hain Celestial Group Shares From ‘Online’ To ‘Outperforming’ Rating And Raised Its Share Price Target From $ 46.00 To $ 48.00 In Report research published Thursday. Maxim Group raised its price target for The Hain Celestial Group shares from $ 52.00 to $ 63.00 and gave the stock a “buy” rating in a report released on Wednesday, November 10. Zacks investment research upgraded The Hain Celestial Group from a âstrong sellâ rating to a âconservationâ rating and set a price target of $ 47.00 for the company in a research note on Tuesday, October 26. Finally, Jefferies Financial Group raised its price target on The Hain Celestial Group from $ 41.00 to $ 46.00 and gave the company a âholdâ rating in a research note on Wednesday, September 29. Two investment analysts rated the stock with a conservation rating and four issued a buy rating for the stock. According to MarketBeat, the company currently has an average rating of âBuyâ and an average target price of $ 49.57.
In other news from The Hain Celestial Group, insider Engaged Capital Llc sold 14,079,504 shares of The Hain Celestial Group in a transaction dated Monday, November 15. The stock was sold for an average price of $ 45, for a total trade of $ 633,577,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.90% of the shares are held by insiders.
A number of large investors have recently increased or reduced their holdings in HAIN. Parallax Volatility Advisers LP purchased a new stake in The Hain Celestial Group in the second quarter for a value of approximately $ 1,174,000. CWA Asset Management Group LLC increased its position in The Hain Celestial Group by 3.4% in the second quarter. CWA Asset Management Group LLC now owns 634,038 shares of the company valued at $ 25,412,000 after purchasing an additional 20,780 shares during the last quarter. BNP Paribas Arbitrage SA strengthened its position in The Hain Celestial Group by 21.0% in the second quarter. BNP Paribas Arbitrage SA now owns 41,408 shares of the company valued at $ 1,661,000 after purchasing an additional 7,186 shares during the last quarter. Magnetar Financial LLC purchased a new stake in The Hain Celestial Group in the second quarter for a value of approximately $ 2,067,000. Finally, Kingsview Wealth Management LLC increased its position in The Hain Celestial Group by 17.5% in the second quarter. Kingsview Wealth Management LLC now owns 30,144 shares of the company valued at $ 1,208,000 after purchasing an additional 4,496 shares in the last quarter. Institutional investors hold 97.32% of the shares of the company.
HAIN opened at $ 40.59 on Friday. The Hain Celestial Group has a twelve month low of $ 35.57 and a twelve month high of $ 48.88. The company has a 50-day simple moving average of $ 42.94 and a 200-day simple moving average of $ 41.06. The company has a quick ratio of 0.85, a current ratio of 1.80, and a debt ratio of 0.26. The stock has a market cap of $ 3.84 billion, a price-to-earnings ratio of 42.28 and a beta of 0.64.
Hain Celestial Group Company Profile
The Hain Celestial Group, Inc. engages in the production and distribution of organic and natural products. Its brands include Alba Botanica, Avalon Organics, Earth’s Best, JASON, Live Clean, Imagine and Queen Helene. The company was founded by Irwin David Simon on May 19, 1993 and is headquartered in Lake Success, NY.
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