Hain Celestial Group Inc (NASDAQ:HAIN) Expected to Post Quarterly Sales of $493.23 Million

Wall Street analysts forecast that Hain Celestial Group Inc (NASDAQ:HAIN) will report $493.23 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Hain Celestial Group’s earnings, with the highest sales estimate coming in at $522.50 million and the lowest estimate coming in at $472.70 million. Hain Celestial Group posted sales of $560.83 million during the same quarter last year, which would indicate a negative year over year growth rate of 12.1%. The firm is expected to report its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Hain Celestial Group will report full-year sales of $2.01 billion for the current year, with estimates ranging from $1.96 billion to $2.08 billion. For the next financial year, analysts expect that the firm will report sales of $2.01 billion, with estimates ranging from $1.95 billion to $2.11 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Hain Celestial Group.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The company had revenue of $557.68 million for the quarter, compared to analyst estimates of $537.66 million. Hain Celestial Group had a positive return on equity of 4.33% and a negative net margin of 7.96%. Hain Celestial Group’s revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Hain Celestial Group from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $23.00 to $18.00 in a report on Tuesday, August 20th. ValuEngine raised shares of Hain Celestial Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Citigroup decreased their price target on shares of Hain Celestial Group from $29.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Barclays decreased their price target on shares of Hain Celestial Group from $23.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. Finally, Loop Capital decreased their price target on shares of Hain Celestial Group to $20.00 and set a “hold” rating for the company in a report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.33.

Shares of HAIN stock opened at $22.21 on Wednesday. The firm has a market cap of $2.28 billion, a P/E ratio of 33.65 and a beta of 1.39. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 0.88. Hain Celestial Group has a 1-year low of $14.45 and a 1-year high of $26.44. The firm has a fifty day moving average of $21.09 and a two-hundred day moving average of $21.38.

A number of large investors have recently modified their holdings of the stock. Mirova lifted its position in Hain Celestial Group by 16.2% in the 2nd quarter. Mirova now owns 4,190 shares of the company’s stock valued at $92,000 after purchasing an additional 585 shares during the last quarter. Arizona State Retirement System lifted its position in Hain Celestial Group by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 65,007 shares of the company’s stock valued at $1,424,000 after purchasing an additional 711 shares during the last quarter. Huntington National Bank lifted its position in Hain Celestial Group by 237.8% in the 2nd quarter. Huntington National Bank now owns 1,162 shares of the company’s stock valued at $25,000 after purchasing an additional 818 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in Hain Celestial Group by 77.2% in the 2nd quarter. Carroll Financial Associates Inc. now owns 2,098 shares of the company’s stock valued at $45,000 after purchasing an additional 914 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Hain Celestial Group by 3.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 36,252 shares of the company’s stock valued at $794,000 after purchasing an additional 1,048 shares during the last quarter. Hedge funds and other institutional investors own 99.63% of the company’s stock.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; 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; yogurts; chilies; chocolates; and nut butters.

Recommended Story: What is the outlook for the FAANG stocks?

Get a free copy of the Zacks research report on Hain Celestial Group (HAIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.