The Hain Celestial Group (NASDAQ:HAIN) Announces Quarterly Earnings Results

The Hain Celestial Group (NASDAQ:HAIN) issued its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06, Briefing.com reports. The company had revenue of $438.36 million during the quarter, compared to analysts’ expectations of $463.37 million. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share.

The Hain Celestial Group Price Performance

The Hain Celestial Group stock traded up $0.30 during mid-day trading on Thursday, reaching $6.95. The company had a trading volume of 1,072,521 shares, compared to its average volume of 1,276,509. The company has a market cap of $624.33 million, a P/E ratio of -3.80 and a beta of 0.74. The Hain Celestial Group has a fifty-two week low of $5.68 and a fifty-two week high of $15.80. The company has a current ratio of 2.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $7.45 and a 200 day simple moving average of $9.55.

Insider Transactions at The Hain Celestial Group

In other news, CEO Wendy P. Davidson bought 5,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were bought at an average cost of $9.46 per share, with a total value of $47,300.00. Following the completion of the transaction, the chief executive officer now directly owns 58,309 shares of the company’s stock, valued at $551,603.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HAIN. Maxim Group decreased their price objective on The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Mizuho cut their price objective on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Barclays lowered their price objective on The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. Finally, DA Davidson assumed coverage on shares of The Hain Celestial Group in a research report on Friday, March 1st. They issued a “neutral” rating and a $10.00 target price for the company. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.90.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.