Honest (HNST) Set to Announce Earnings on Wednesday

Honest (NASDAQ:HNST) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Honest to post earnings of ($0.08) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.09. Honest had a negative net margin of 11.39% and a negative return on equity of 30.36%. The company had revenue of $90.26 million for the quarter, compared to the consensus estimate of $83.54 million. On average, analysts expect Honest to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Honest Stock Performance

NASDAQ:HNST opened at $3.01 on Wednesday. The firm’s 50-day moving average is $3.63 and its 200-day moving average is $2.82. Honest has a 52-week low of $1.06 and a 52-week high of $4.89.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HNST shares. Alliance Global Partners started coverage on shares of Honest in a report on Tuesday, February 6th. They set a “buy” rating and a $5.75 price objective on the stock. Telsey Advisory Group restated a “market perform” rating and set a $4.00 price objective on shares of Honest in a report on Wednesday, April 10th. Loop Capital lowered their target price on shares of Honest from $5.00 to $3.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Lake Street Capital began coverage on shares of Honest in a research note on Thursday, April 4th. They issued a “buy” rating and a $6.00 target price on the stock. Finally, Morgan Stanley upped their target price on shares of Honest from $1.85 to $4.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Honest presently has a consensus rating of “Hold” and a consensus target price of $4.55.

Insider Activity at Honest

In other Honest news, insider Jessica Warren sold 253,815 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $2.99, for a total value of $758,906.85. Following the transaction, the insider now directly owns 1,109,489 shares in the company, valued at $3,317,372.11. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Honest news, General Counsel Brendan Sheehey sold 21,152 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $3.24, for a total value of $68,532.48. Following the transaction, the general counsel now directly owns 534,620 shares in the company, valued at $1,732,168.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jessica Warren sold 253,815 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $2.99, for a total transaction of $758,906.85. Following the completion of the transaction, the insider now owns 1,109,489 shares in the company, valued at $3,317,372.11. The disclosure for this sale can be found here. Insiders have sold a total of 803,229 shares of company stock valued at $2,684,496 over the last quarter. 8.60% of the stock is owned by company insiders.

Honest Company Profile

The Honest Company, Inc manufactures and sells diapers and wipes, skin and personal care, and household and wellness products. The company also offers baby clothing and nursery bedding products. It sells its products through digital and retail sales channels, such as its website and third-party ecommerce sites, as well as brick and mortar retailers.