The Hain Celestial Group, Inc. (NASDAQ:HAIN) – Analysts at Oppenheimer Holdings raised their FY2019 EPS estimates for The Hain Celestial Group in a research note issued on Tuesday. Oppenheimer Holdings analyst R. Parikh now expects that the company will post earnings per share of $1.73 for the year, up from their prior estimate of $1.70. Oppenheimer Holdings has a “Market Perform” rating on the stock.

A number of other analysts also recently weighed in on HAIN. Susquehanna Bancshares Inc set a $44.00 price target on shares of The Hain Celestial Group and gave the stock a “buy” rating in a report on Friday, May 19th. Vetr downgraded shares of The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $42.02 price target for the company. in a report on Monday, May 15th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $40.74.

COPYRIGHT VIOLATION WARNING: This article was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/30/oppenheimer-holdings-research-analysts-raise-earnings-estimates-for-the-hain-celestial-group-inc-hain.html.

Shares of The Hain Celestial Group (NASDAQ:HAIN) traded down 1.12% during midday trading on Wednesday, hitting $39.60. The stock had a trading volume of 1,100,419 shares. The Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $45.61. The firm has a 50-day moving average price of $42.23 and a 200-day moving average price of $37.76. The firm’s market cap is $4.11 billion.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. The company had revenue of $725.10 million during the quarter, compared to the consensus estimate of $720.70 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of The Hain Celestial Group by 10,665.5% in the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock valued at $317,676,000 after buying an additional 8,460,413 shares during the last quarter. Vanguard Group Inc. increased its position in shares of The Hain Celestial Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 8,339,036 shares of the company’s stock valued at $323,722,000 after buying an additional 104,034 shares during the last quarter. FMR LLC increased its position in shares of The Hain Celestial Group by 40.0% in the first quarter. FMR LLC now owns 7,899,213 shares of the company’s stock valued at $293,851,000 after buying an additional 2,258,735 shares during the last quarter. Glenview Capital Management LLC bought a new position in shares of The Hain Celestial Group during the first quarter valued at approximately $102,266,000. Finally, State Street Corp increased its position in shares of The Hain Celestial Group by 2.1% in the first quarter. State Street Corp now owns 2,634,916 shares of the company’s stock valued at $98,012,000 after buying an additional 54,009 shares during the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group declared that its Board of Directors has approved a stock buyback plan on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

About The Hain Celestial Group

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

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

Receive News & Stock Ratings for The Hain Celestial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hain Celestial Group Inc. and related stocks with our FREE daily email newsletter.