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.
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.
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