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

The Hain Celestial Group (NASDAQ:HAIN) released its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02), Briefing.com reports. The company had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The Hain Celestial Group’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) EPS.

The Hain Celestial Group Stock Down 1.2 %

Shares of HAIN traded down $0.09 during midday trading on Friday, hitting $7.38. The company had a trading volume of 1,325,650 shares, compared to its average volume of 1,186,871. The company has a quick ratio of 1.01, a current ratio of 1.98 and a debt-to-equity ratio of 0.78. The Hain Celestial Group has a 52 week low of $5.68 and a 52 week high of $11.97. The company’s 50 day moving average price is $8.42 and its 200 day moving average price is $7.55. The stock has a market cap of $663.09 million, a price-to-earnings ratio of -8.89 and a beta of 0.74.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HAIN shares. Stifel Nicolaus increased their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Barclays increased their target price on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. DA Davidson reissued a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Finally, Piper Sandler reiterated a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.57.

Insider Activity at The Hain Celestial Group

In other news, insider Chad D. Marquardt purchased 5,300 shares of the stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at $127,296. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.83% of the stock is owned by corporate insiders.

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.