Hain Celestial Group Inc (NASDAQ:HAIN) Expected to Post Quarterly Sales of $582.00 Million
Analysts expect that Hain Celestial Group Inc (NASDAQ:HAIN) will post sales of $582.00 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Hain Celestial Group’s earnings, with estimates ranging from $562.00 million to $592.90 million. Hain Celestial Group reported sales of $619.60 million during the same quarter last year, which would indicate a negative year over year growth rate of 6.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 27th.
On average, analysts expect that Hain Celestial Group will report full-year sales of $2.33 billion for the current year, with estimates ranging from $2.31 billion to $2.34 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.26 billion, with estimates ranging from $2.08 billion to $2.32 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Hain Celestial Group.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $599.80 million for the quarter, compared to analyst estimates of $597.75 million. Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share.
In other Hain Celestial Group news, insider Engaged Capital Co-Invest Vi-D purchased 712,165 shares of the stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $23.27 per share, with a total value of $16,572,079.55. Following the completion of the acquisition, the insider now owns 21,577 shares in the company, valued at $502,096.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Glenn W. Welling purchased 908,118 shares of the stock in a transaction on Tuesday, May 14th. The stock was acquired at an average cost of $23.49 per share, for a total transaction of $21,331,691.82. Following the completion of the acquisition, the director now owns 21,577 shares of the company’s stock, valued at approximately $506,843.73. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 6,871,608 shares of company stock worth $161,995,807. 13.50% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Retirement Systems of Alabama boosted its stake in shares of Hain Celestial Group by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 116,561 shares of the company’s stock worth $2,695,000 after acquiring an additional 528 shares in the last quarter. ETF Managers Group LLC boosted its stake in shares of Hain Celestial Group by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 4,062 shares of the company’s stock worth $64,000 after acquiring an additional 552 shares in the last quarter. IndexIQ Advisors LLC boosted its stake in shares of Hain Celestial Group by 10.2% during the 4th quarter. IndexIQ Advisors LLC now owns 6,648 shares of the company’s stock worth $105,000 after acquiring an additional 614 shares in the last quarter. American International Group Inc. boosted its stake in shares of Hain Celestial Group by 0.4% during the 4th quarter. American International Group Inc. now owns 182,520 shares of the company’s stock worth $2,895,000 after acquiring an additional 684 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its stake in shares of Hain Celestial Group by 1.6% during the 1st quarter. Mason Street Advisors LLC now owns 47,616 shares of the company’s stock worth $1,101,000 after acquiring an additional 739 shares in the last quarter. 96.43% of the stock is currently owned by institutional investors.
Shares of HAIN traded up $0.05 during trading hours on Friday, reaching $21.17. 680,010 shares of the company traded hands, compared to its average volume of 1,356,031. The firm has a market capitalization of $2.20 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 16.03 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.16 and a quick ratio of 1.22. Hain Celestial Group has a 12-month low of $14.45 and a 12-month high of $31.53.
About Hain Celestial Group
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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