Hain Celestial Group Inc (HAIN) to Post Q2 2019 Earnings of $0.25 Per Share, Piper Jaffray Companies Forecasts
Hain Celestial Group Inc (NASDAQ:HAIN) – Research analysts at Piper Jaffray Companies decreased their Q2 2019 earnings per share (EPS) estimates for Hain Celestial Group in a report issued on Thursday, November 8th. Piper Jaffray Companies analyst M. Lavery now forecasts that the company will post earnings of $0.25 per share for the quarter, down from their prior estimate of $0.31. Piper Jaffray Companies has a “Hold” rating and a $26.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Hain Celestial Group’s Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.36 EPS, FY2019 earnings at $1.05 EPS, Q1 2020 earnings at $0.27 EPS, Q2 2020 earnings at $0.32 EPS and Q3 2020 earnings at $0.38 EPS.
Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, November 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Hain Celestial Group had a positive return on equity of 6.67% and a negative net margin of 1.84%. The firm had revenue of $560.88 million for the quarter, compared to the consensus estimate of $588.12 million. During the same quarter in the previous year, the business posted $0.20 EPS. Hain Celestial Group’s revenue was down 4.8% on a year-over-year basis.
NASDAQ HAIN opened at $22.08 on Monday. Hain Celestial Group has a 12 month low of $21.76 and a 12 month high of $44.37. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.46 and a beta of 1.09. The company has a current ratio of 2.32, a quick ratio of 1.37 and a debt-to-equity ratio of 0.41.
Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in Hain Celestial Group by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 454,320 shares of the company’s stock valued at $14,570,000 after buying an additional 13,377 shares in the last quarter. SFE Investment Counsel grew its holdings in Hain Celestial Group by 21.9% during the 2nd quarter. SFE Investment Counsel now owns 15,698 shares of the company’s stock valued at $468,000 after buying an additional 2,820 shares in the last quarter. TCW Group Inc. grew its holdings in Hain Celestial Group by 38.3% during the 2nd quarter. TCW Group Inc. now owns 17,358 shares of the company’s stock valued at $517,000 after buying an additional 4,811 shares in the last quarter. Millennium Management LLC grew its holdings in Hain Celestial Group by 286.0% during the 1st quarter. Millennium Management LLC now owns 49,258 shares of the company’s stock valued at $1,580,000 after buying an additional 36,496 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Hain Celestial Group by 26.6% during the 2nd quarter. California Public Employees Retirement System now owns 267,704 shares of the company’s stock valued at $7,978,000 after buying an additional 56,173 shares in the last quarter. 89.03% of the stock is owned by institutional investors and hedge funds.
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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