$749.36 Million in Sales Expected for Hain Celestial Group Inc (HAIN) This Quarter

Brokerages forecast that Hain Celestial Group Inc (NASDAQ:HAIN) will report sales of $749.36 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Hain Celestial Group’s earnings, with the highest sales estimate coming in at $772.20 million and the lowest estimate coming in at $733.90 million. Hain Celestial Group reported sales of $706.56 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The business is scheduled to report its next earnings results on Thursday, June 28th.

According to Zacks, analysts expect that Hain Celestial Group will report full year sales of $749.36 million for the current financial year, with estimates ranging from $2.97 billion to $3.03 billion. For the next year, analysts expect that the business will report sales of $3.11 billion per share, with estimates ranging from $3.08 billion to $3.16 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Hain Celestial Group.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $775.20 million during the quarter, compared to analysts’ expectations of $774.50 million. Hain Celestial Group had a net margin of 3.38% and a return on equity of 8.35%. Hain Celestial Group’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS.

Several research firms recently commented on HAIN. BidaskClub cut Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Susquehanna Bancshares reissued a “hold” rating and set a $43.00 target price on shares of Hain Celestial Group in a research note on Tuesday, January 23rd. Sanford C. Bernstein raised Hain Celestial Group from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Wednesday, November 8th. Royal Bank of Canada reissued a “hold” rating on shares of Hain Celestial Group in a research note on Thursday, November 9th. Finally, Loop Capital set a $38.00 target price on Hain Celestial Group and gave the stock a “hold” rating in a research note on Thursday, December 28th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Hain Celestial Group currently has an average rating of “Hold” and an average price target of $41.11.

Several large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Hain Celestial Group by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 14,743 shares of the company’s stock worth $607,000 after acquiring an additional 1,522 shares in the last quarter. Welch & Forbes LLC boosted its position in shares of Hain Celestial Group by 0.6% during the 3rd quarter. Welch & Forbes LLC now owns 280,165 shares of the company’s stock worth $11,528,000 after acquiring an additional 1,605 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Hain Celestial Group by 7.8% during the 2nd quarter. Stifel Financial Corp now owns 23,038 shares of the company’s stock worth $895,000 after acquiring an additional 1,669 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Hain Celestial Group by 15.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,571 shares of the company’s stock worth $576,000 after acquiring an additional 1,804 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Hain Celestial Group by 106.9% in the 4th quarter. KBC Group NV now owns 3,752 shares of the company’s stock valued at $159,000 after purchasing an additional 1,939 shares during the last quarter. 93.10% of the stock is owned by institutional investors and hedge funds.

Hain Celestial Group (HAIN) opened at $33.96 on Thursday. Hain Celestial Group has a one year low of $31.01 and a one year high of $45.61. The company has a market capitalization of $3,603.88, a price-to-earnings ratio of 24.77, a P/E/G ratio of 1.10 and a beta of 1.09. The company has a current ratio of 2.44, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41.

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About Hain Celestial Group

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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