Hain Celestial Group (NASDAQ:HAIN) Issues Quarterly Earnings Results

Hain Celestial Group (NASDAQ:HAIN) released its earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01, Briefing.com reports. Hain Celestial Group had a negative net margin of 7.96% and a positive return on equity of 4.33%. The firm had revenue of $482.10 million during the quarter, compared to analyst estimates of $492.07 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year. Hain Celestial Group updated its FY20 guidance to $0.59-$0.72 EPS.

Shares of Hain Celestial Group stock traded up $0.38 during trading on Friday, hitting $25.92. 2,527,400 shares of the stock were exchanged, compared to its average volume of 1,460,906. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.83. Hain Celestial Group has a 12 month low of $14.45 and a 12 month high of $26.49. The stock has a market cap of $2.53 billion, a PE ratio of 39.27 and a beta of 1.40. The stock’s fifty day moving average is $22.04 and its 200 day moving average is $21.50.

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Several research firms have weighed in on HAIN. Citigroup lowered their target price on shares of Hain Celestial Group from $29.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. ValuEngine lowered shares of Hain Celestial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday. Maxim Group boosted their target price on shares of Hain Celestial Group from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lowered shares of Hain Celestial Group from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $23.00 to $18.00 in a research note on Tuesday, August 20th. Finally, Loop Capital lowered their target price on shares of Hain Celestial Group to $20.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $23.88.

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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Earnings History for Hain Celestial Group (NASDAQ:HAIN)

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