Hain Celestial Group (HAIN) Releases Earnings Results, Misses Estimates By $0.04 EPS
Hain Celestial Group (NASDAQ:HAIN) posted its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.04), MarketWatch Earnings reports. Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The business had revenue of $560.88 million during the quarter, compared to the consensus estimate of $588.12 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. Hain Celestial Group updated its FY 2019 guidance to $1.21-1.38 EPS and its FY19 guidance to $1.21-1.38 EPS.
NASDAQ:HAIN traded down $0.27 during mid-day trading on Friday, hitting $22.24. The stock had a trading volume of 5,448,758 shares, compared to its average volume of 1,155,649. The company has a market cap of $2.84 billion, a PE ratio of 19.17, a P/E/G ratio of 2.83 and a beta of 1.09. Hain Celestial Group has a 52 week low of $21.81 and a 52 week high of $44.37. The company has a quick ratio of 1.56, a current ratio of 2.49 and a debt-to-equity ratio of 0.40.
A number of research analysts have recently issued reports on HAIN shares. Zacks Investment Research downgraded shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Loop Capital set a $30.00 price target on shares of Hain Celestial Group and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. Maxim Group restated a “buy” rating and issued a $40.00 price target on shares of Hain Celestial Group in a research report on Tuesday, August 28th. Jefferies Financial Group set a $40.00 price target on shares of Hain Celestial Group and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Finally, BMO Capital Markets reduced their price target on shares of Hain Celestial Group from $31.00 to $29.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Hain Celestial Group presently has a consensus rating of “Hold” and a consensus target price of $31.73.
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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