The Hain Celestial Group, Inc. (NASDAQ:HAIN) – Analysts at Jefferies Group cut their Q1 2018 earnings per share estimates for The Hain Celestial Group in a note issued to investors on Wednesday. Jefferies Group analyst A. Jagdale now anticipates that the company will post earnings of $0.25 per share for the quarter, down from their previous estimate of $0.26. Jefferies Group currently has a “Buy” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for The Hain Celestial Group’s Q2 2018 earnings at $0.46 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.52 EPS, FY2019 earnings at $1.89 EPS, FY2020 earnings at $2.18 EPS and FY2021 earnings at $2.49 EPS.

HAIN has been the subject of several other reports. Vetr cut shares of The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $41.00 price objective for the company. in a research note on Monday, May 8th. Susquehanna Bancshares Inc set a $42.00 price objective on shares of The Hain Celestial Group and gave the company a “buy” rating in a research note on Tuesday, June 20th. BMO Capital Markets restated an “outperform” rating and set a $38.00 price objective (down from $45.00) on shares of The Hain Celestial Group in a research note on Monday, June 26th. Citigroup Inc. restated a “buy” rating and set a $46.00 price objective (down from $62.00) on shares of The Hain Celestial Group in a research note on Monday, July 10th. Finally, Loop Capital began coverage on shares of The Hain Celestial Group in a research note on Monday, July 31st. They set a “hold” rating and a $46.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. The Hain Celestial Group has an average rating of “Hold” and a consensus target price of $41.28.

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The Hain Celestial Group (NASDAQ:HAIN) opened at 39.56 on Monday. The company has a market cap of $4.10 billion, a P/E ratio of 60.86 and a beta of 1.25. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $45.61. The company’s 50-day moving average is $42.38 and its 200-day moving average is $37.83.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. The company had revenue of $725.10 million for the quarter, compared to the consensus estimate of $720.70 million. The Hain Celestial Group had a net margin of 2.36% and a return on equity of 6.93%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share.

The Hain Celestial Group announced that its board has initiated a share buyback program on Thursday, June 22nd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas increased its holdings in The Hain Celestial Group by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 8,233 shares of the company’s stock worth $320,000 after acquiring an additional 25 shares in the last quarter. New Amsterdam Partners LLC NY increased its holdings in The Hain Celestial Group by 0.8% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 8,581 shares of the company’s stock worth $333,000 after acquiring an additional 68 shares in the last quarter. Utah Retirement Systems increased its holdings in The Hain Celestial Group by 0.5% in the 2nd quarter. Utah Retirement Systems now owns 18,600 shares of the company’s stock worth $722,000 after acquiring an additional 100 shares in the last quarter. Pacer Advisors Inc. increased its holdings in The Hain Celestial Group by 1.5% in the 1st quarter. Pacer Advisors Inc. now owns 11,819 shares of the company’s stock worth $440,000 after acquiring an additional 179 shares in the last quarter. Finally, Goelzer Investment Management Inc. increased its holdings in The Hain Celestial Group by 0.5% in the 2nd quarter. Goelzer Investment Management Inc. now owns 50,594 shares of the company’s stock worth $1,964,000 after acquiring an additional 260 shares in the last quarter. 92.29% of the stock is owned by institutional investors.

The Hain Celestial Group Company Profile

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)

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