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

The Hain Celestial Group (NASDAQ:HAIN) announced its quarterly earnings data on Tuesday. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05, Briefing.com reports. The company had revenue of $419.00 million during the quarter, compared to the consensus estimate of $417.99 million. The Hain Celestial Group had a negative net margin of 5.14% and a positive return on equity of 2.91%. The Hain Celestial Group’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS.

The Hain Celestial Group Price Performance

NASDAQ HAIN traded down $0.28 during mid-day trading on Thursday, hitting $7.98. The stock had a trading volume of 2,258,972 shares, compared to its average volume of 1,216,060. The company has a 50 day simple moving average of $7.12 and a 200 day simple moving average of $7.50. The company has a market cap of $716.96 million, a price-to-earnings ratio of -7.86 and a beta of 0.77. The Hain Celestial Group has a 52-week low of $5.68 and a 52-week high of $12.49. The company has a quick ratio of 1.07, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HAIN. Stifel Nicolaus boosted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday. DA Davidson reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Wednesday. Mizuho reduced their price target on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Maxim Group decreased their price target on The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Barclays increased their price objective on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.88.

The Hain Celestial Group Company Profile

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.