The Hain Celestial Group (NASDAQ:HAIN) Issues Quarterly Earnings Results

The Hain Celestial Group (NASDAQ:HAIN) issued its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02), Briefing.com reports. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The company had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. During the same period last year, the firm earned ($0.04) EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year.

The Hain Celestial Group Stock Performance

Shares of HAIN stock traded down $0.09 during mid-day trading on Friday, hitting $7.38. 1,326,763 shares of the stock were exchanged, compared to its average volume of 1,187,065. The Hain Celestial Group has a 12-month low of $5.68 and a 12-month high of $11.97. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.98. The stock has a market capitalization of $663.09 million, a price-to-earnings ratio of -8.89 and a beta of 0.74. The stock’s fifty day simple moving average is $8.42 and its two-hundred day simple moving average is $7.55.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HAIN shares. Piper Sandler restated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Stifel Nicolaus lifted their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Barclays boosted their price target on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, August 29th. Finally, DA Davidson reiterated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.57.

Insiders Place Their Bets

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the purchase, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.