Hain Celestial Group Inc (HAIN) Forecasted to Post FY2018 Earnings of $1.76 Per Share

Hain Celestial Group Inc (NASDAQ:HAIN) – Stock analysts at SunTrust Banks lifted their FY2018 earnings per share estimates for Hain Celestial Group in a research report issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $1.76 for the year, up from their previous estimate of $1.60. SunTrust Banks has a “Hold” rating and a $35.00 price target on the stock.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The business had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. During the same quarter last year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis.

A number of other analysts have also commented on HAIN. Wells Fargo & Co reaffirmed a “market perform” rating and set a $42.00 price objective on shares of Hain Celestial Group in a research note on Saturday, September 30th. Sanford C. Bernstein initiated coverage on shares of Hain Celestial Group in a research note on Friday, October 6th. They set a “market perform” rating and a $45.00 price objective for the company. Zacks Investment Research raised shares of Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, October 10th. BMO Capital Markets lowered shares of Hain Celestial Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $48.00 to $44.00 in a research note on Thursday, October 19th. Finally, TheStreet lowered shares of Hain Celestial Group from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $41.31.

Hain Celestial Group (NASDAQ HAIN) traded down $0.04 during mid-day trading on Tuesday, reaching $39.41. 738,500 shares of the company’s stock were exchanged, compared to its average volume of 883,656. The company has a quick ratio of 1.22, a current ratio of 2.50 and a debt-to-equity ratio of 0.42. Hain Celestial Group has a 52 week low of $31.01 and a 52 week high of $45.61. The stock has a market capitalization of $4,170.00, a price-to-earnings ratio of 52.55, a PEG ratio of 1.68 and a beta of 1.25.

Institutional investors and hedge funds have recently modified their holdings of the stock. Aurora Investment Counsel acquired a new position in shares of Hain Celestial Group during the 4th quarter worth about $1,865,000. GSA Capital Partners LLP bought a new position in Hain Celestial Group in the 3rd quarter worth $228,000. EagleClaw Capital Managment LLC raised its holdings in Hain Celestial Group by 41.2% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 15,775 shares of the company’s stock worth $650,000 after purchasing an additional 4,600 shares during the period. Griffin Asset Management Inc. bought a new position in Hain Celestial Group in the 3rd quarter worth $1,221,000. Finally, California Public Employees Retirement System raised its holdings in Hain Celestial Group by 7.8% in the 3rd quarter. California Public Employees Retirement System now owns 183,741 shares of the company’s stock worth $7,561,000 after purchasing an additional 13,341 shares during the period. 89.99% of the stock is currently owned by hedge funds and other institutional investors.

In other Hain Celestial Group news, Director Richard Dean Hollis acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $35.27 per share, with a total value of $352,700.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $352,700. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Michael B. Mcguinness acquired 3,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $34.58 per share, for a total transaction of $121,030.00. Following the transaction, the senior vice president now owns 55,131 shares of the company’s stock, valued at approximately $1,906,429.98. The disclosure for this purchase can be found here. Insiders bought 68,500 shares of company stock valued at $2,352,730 over the last three months. 12.34% of the stock is owned by insiders.

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Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

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

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