Wall Street brokerages forecast that The Hain Celestial Group, Inc. (NASDAQ:HAIN) will announce $0.22 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for The Hain Celestial Group’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.17. The Hain Celestial Group reported earnings of $0.14 per share during the same quarter last year, which suggests a positive year over year growth rate of 57.1%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, November 7th.

According to Zacks, analysts expect that The Hain Celestial Group will report full-year earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.76. For the next financial year, analysts forecast that the business will post earnings of $1.85 per share, with EPS estimates ranging from $1.72 to $1.94. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow The Hain Celestial Group.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $725.10 million for the quarter, compared to analyst estimates of $720.70 million. The Hain Celestial Group had a net margin of 2.36% and a return on equity of 7.65%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS.

Several analysts have recently commented on HAIN shares. Wells Fargo & Company restated a “market perform” rating and set a $42.00 price objective on shares of The Hain Celestial Group in a research report on Saturday, September 30th. Susquehanna Bancshares Inc downgraded shares of The Hain Celestial Group from a “positive” rating to a “neutral” rating in a research report on Tuesday, August 22nd. J P Morgan Chase & Co restated a “neutral” rating on shares of The Hain Celestial Group in a research report on Friday, June 30th. 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 report on Monday, July 10th. Finally, BidaskClub downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $41.78.

Shares of The Hain Celestial Group (NASDAQ:HAIN) traded down 3.30% during midday trading on Wednesday, hitting $39.51. 1,249,827 shares of the company’s stock traded hands. The Hain Celestial Group has a 52 week low of $31.01 and a 52 week high of $45.61. The company has a 50 day moving average of $40.76 and a 200 day moving average of $38.98. The stock has a market cap of $4.10 billion, a P/E ratio of 60.78 and a beta of 1.28.

The Hain Celestial Group declared that its Board of Directors has approved a share repurchase program on Thursday, June 22nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This piece was reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.dailypolitical.com/2017/10/18/the-hain-celestial-group-inc-hain-expected-to-post-earnings-of-0-22-per-share.html.

Several large investors have recently modified their holdings of the business. Toronto Dominion Bank purchased a new position in shares of The Hain Celestial Group in the 2nd quarter worth $13,584,000. Proxima Capital Management LLC purchased a new position in shares of The Hain Celestial Group in the 2nd quarter worth $4,076,000. Sterling Capital Management LLC purchased a new position in shares of The Hain Celestial Group in the 2nd quarter worth $281,000. Kalos Management Inc. grew its stake in shares of The Hain Celestial Group by 10.2% in the 2nd quarter. Kalos Management Inc. now owns 11,639 shares of the company’s stock worth $451,000 after buying an additional 1,076 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of The Hain Celestial Group by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 31,557 shares of the company’s stock worth $1,225,000 after buying an additional 462 shares in the last quarter. 91.98% of the stock is owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on The Hain Celestial Group (HAIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for The Hain Celestial Group (NASDAQ:HAIN)

Receive News & Ratings for The Hain Celestial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hain Celestial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.