Hain Celestial Group (HAIN) Expected to Post Quarterly Sales of $749.36 Million

Wall Street brokerages expect that Hain Celestial Group (NASDAQ:HAIN) will report $749.36 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Hain Celestial Group’s earnings. The lowest sales estimate is $733.90 million and the highest is $772.20 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 expected to announce its next earnings report on Thursday, June 28th.

On average, analysts expect that Hain Celestial Group will report full year sales of $3.00 billion for the current fiscal year, with estimates ranging from $2.97 billion to $3.03 billion. For the next financial year, analysts forecast 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 averages are an average based on a survey of research analysts that follow Hain Celestial Group.

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



Several equities research analysts have recently weighed in on HAIN shares. Loop Capital set a $38.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Thursday, December 28th. Zacks Investment Research raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. BidaskClub raised shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Susquehanna Bancshares reissued a “hold” rating and set a $43.00 price objective on shares of Hain Celestial Group in a report on Tuesday, January 23rd. Finally, Jefferies Group reissued a “buy” rating and set a $52.00 price objective on shares of Hain Celestial Group in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Hain Celestial Group has an average rating of “Hold” and a consensus price target of $40.36.

In other Hain Celestial Group news, Director Glenn W. Welling bought 1,407,543 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $34.83 per share, for a total transaction of $49,024,722.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 12.34% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. lifted its position in 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 valued at $576,000 after purchasing an additional 1,804 shares during the period. KBC Group NV lifted its position in Hain Celestial Group by 106.9% during 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 period. UBS Asset Management Americas Inc. lifted its position in Hain Celestial Group by 2.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 94,481 shares of the company’s stock valued at $4,005,000 after purchasing an additional 2,238 shares during the period. New Amsterdam Partners LLC NY lifted its position in Hain Celestial Group by 27.4% during the 4th quarter. New Amsterdam Partners LLC NY now owns 10,928 shares of the company’s stock valued at $463,000 after purchasing an additional 2,347 shares during the period. Finally, Credit Agricole S A acquired a new position in Hain Celestial Group during the 4th quarter valued at about $101,000. Institutional investors own 91.29% of the company’s stock.

Shares of HAIN traded down $0.68 during trading hours on Friday, hitting $29.69. The stock had a trading volume of 1,075,384 shares, compared to its average volume of 1,117,092. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 2.44. Hain Celestial Group has a 52 week low of $29.64 and a 52 week high of $45.61. The firm has a market cap of $3,272.38, a price-to-earnings ratio of 24.34, a PEG ratio of 1.31 and a beta of 1.13.

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Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.

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

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