The Hain Celestial Group, Inc. (NASDAQ:HAIN) – Stock analysts at Oppenheimer Holdings increased their FY2018 earnings per share (EPS) estimates for The Hain Celestial Group in a note issued to investors on Tuesday. Oppenheimer Holdings analyst R. Parikh now forecasts that the company will post earnings of $1.65 per share for the year, up from their prior forecast of $1.63.
The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $708.30 million for the quarter, compared to analyst estimates of $697.39 million. The Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.14 earnings per share.
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Several other brokerages have also recently weighed in on HAIN. Wells Fargo & Company reaffirmed a “market perform” rating and set a $42.00 price target on shares of The Hain Celestial Group in a research note on Saturday, September 30th. Susquehanna Bancshares Inc cut shares of The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. BidaskClub cut shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada raised their price target on shares of The Hain Celestial Group from $39.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 30th. Finally, Loop Capital started coverage on shares of The Hain Celestial Group in a research note on Monday, July 31st. They set a “hold” rating and a $46.00 price target for the company. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. The Hain Celestial Group has an average rating of “Hold” and an average price target of $41.66.
Shares of The Hain Celestial Group (NASDAQ:HAIN) traded up $1.27 during mid-day trading on Thursday, reaching $35.68. 1,868,900 shares of the company’s stock traded hands, compared to its average volume of 1,701,853. The firm has a market cap of $3,571.47, a P/E ratio of 26.27, a P/E/G ratio of 1.58 and a beta of 1.21. The Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $45.61. The company has a quick ratio of 1.31, a current ratio of 2.50 and a debt-to-equity ratio of 0.42.
Several institutional investors and hedge funds have recently bought and sold shares of HAIN. Teachers Advisors LLC lifted its holdings in shares of The Hain Celestial Group by 8.7% during the first quarter. Teachers Advisors LLC now owns 109,300 shares of the company’s stock worth $4,066,000 after buying an additional 8,734 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in The Hain Celestial Group by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 353,169 shares of the company’s stock valued at $13,138,000 after purchasing an additional 18,603 shares in the last quarter. State Street Corp raised its stake in The Hain Celestial Group by 2.1% in the first quarter. State Street Corp now owns 2,634,916 shares of the company’s stock valued at $98,012,000 after purchasing an additional 54,009 shares in the last quarter. AQR Capital Management LLC raised its stake in The Hain Celestial Group by 543.9% in the first quarter. AQR Capital Management LLC now owns 85,599 shares of the company’s stock valued at $3,184,000 after purchasing an additional 72,306 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in The Hain Celestial Group in the first quarter valued at about $201,000. 90.70% of the stock is owned by institutional investors.
In other news, SVP Michael B. Mcguinness bought 3,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $34.58 per share, with a total value of $121,030.00. Following the completion of the acquisition, the senior vice president now owns 55,131 shares of the company’s stock, valued at $1,906,429.98. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Irwin D. Simon bought 50,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $34.14 per share, with a total value of $1,707,000.00. Following the acquisition, the chief executive officer now directly owns 1,695,014 shares of the company’s stock, valued at approximately $57,867,777.96. The disclosure for this purchase can be found here. Insiders have bought 58,500 shares of company stock valued at $2,000,030 in the last three months. Insiders own 12.34% of the company’s stock.
The 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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