Hain Celestial Group (NASDAQ:HAIN) updated its FY 2020 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.62-0.75 for the period, compared to the Thomson Reuters consensus estimate of $0.81.
A number of analysts have weighed in on the company. Maxim Group reaffirmed a buy rating and set a $28.00 price objective (up from $25.00) on shares of Hain Celestial Group in a research report on Friday, May 10th. SunTrust Banks increased their price objective on Hain Celestial Group to $20.00 and gave the stock a hold rating in a research report on Friday, May 10th. Zacks Investment Research cut Hain Celestial Group from a hold rating to a sell rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. cut Hain Celestial Group from a neutral rating to an underweight rating and decreased their price objective for the stock from $23.00 to $18.00 in a research report on Tuesday, August 20th. Finally, Loop Capital decreased their price objective on Hain Celestial Group to $20.00 and set a hold rating for the company in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $23.68.
NASDAQ HAIN traded up $0.71 during mid-day trading on Thursday, hitting $19.07. The stock had a trading volume of 71,145 shares, compared to its average volume of 1,319,688. Hain Celestial Group has a 52-week low of $14.45 and a 52-week high of $29.42. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 11.46 and a beta of 1.37. The company has a 50 day simple moving average of $20.86 and a 200 day simple moving average of $21.25. The company has a quick ratio of 1.22, a current ratio of 2.16 and a debt-to-equity ratio of 0.47.
Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. The firm had revenue of $557.68 million during the quarter, compared to analysts’ expectations of $537.66 million. During the same period in the previous year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. As a group, equities analysts anticipate that Hain Celestial Group will post 0.66 earnings per share for the current fiscal year.
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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