The Hain Celestial Group (NASDAQ:HAIN) Announces Earnings Results, Beats Expectations By $0.06 EPS

The Hain Celestial Group (NASDAQ:HAIN) announced its earnings results on Wednesday. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06, Briefing.com reports. The firm had revenue of $438.36 million for the quarter, compared to analysts’ expectations of $463.37 million. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The Hain Celestial Group’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN traded up $0.30 during mid-day trading on Thursday, reaching $6.95. 1,072,521 shares of the company traded hands, compared to its average volume of 1,276,509. The Hain Celestial Group has a fifty-two week low of $5.68 and a fifty-two week high of $15.80. The firm has a market cap of $624.33 million, a PE ratio of -3.80 and a beta of 0.74. The stock has a fifty day simple moving average of $7.45 and a 200-day simple moving average of $9.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.24 and a quick ratio of 1.14.

Insiders Place Their Bets

In other news, CEO Wendy P. Davidson bought 5,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $9.46 per share, with a total value of $47,300.00. Following the completion of the transaction, the chief executive officer now directly owns 58,309 shares in the company, valued at approximately $551,603.14. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. cut their price target on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. DA Davidson assumed coverage on The Hain Celestial Group in a research note on Friday, March 1st. They issued a “neutral” rating and a $10.00 target price for the company. Mizuho decreased their price target on The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. Finally, Barclays decreased their target price on shares of The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and an average price target of $11.90.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.