Hain Celestial Group (NASDAQ:HAIN) Issues FY20 Earnings Guidance

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Hain Celestial Group (NASDAQ:HAIN) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of $0.59-$0.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68.

Shares of NASDAQ:HAIN opened at $25.92 on Friday. The firm has a market cap of $2.53 billion, a P/E 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 50 day simple moving average is $22.04 and its two-hundred day simple moving average is $21.50. Hain Celestial Group has a 52-week low of $14.45 and a 52-week high of $26.49.

Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, November 7th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $482.10 million during the quarter, compared to analyst estimates of $492.07 million. Hain Celestial Group had a negative net margin of 7.96% and a positive return on equity of 4.33%. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 EPS. On average, equities analysts forecast that Hain Celestial Group will post 0.67 earnings per share for the current fiscal year.

A number of brokerages have weighed in on HAIN. BidaskClub upgraded shares of Hain Celestial Group from a buy rating to a strong-buy rating in a research note on Thursday. JPMorgan Chase & Co. lowered shares of Hain Celestial Group from a neutral rating to an underweight rating and decreased their target price for the company from $23.00 to $18.00 in a research note on Tuesday, August 20th. Maxim Group boosted their target price on shares of Hain Celestial Group from $28.00 to $35.00 and gave the company a buy rating in a research note on Friday. Loop Capital decreased their target price on shares of Hain Celestial Group to $20.00 and set a hold rating for the company in a research note on Wednesday, August 28th. Finally, Zacks Investment Research upgraded shares of Hain Celestial Group from a sell rating to a hold rating and set a $25.00 target price for the company in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hain Celestial Group currently has an average rating of Hold and an average target price of $23.88.

About Hain Celestial Group

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

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