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.

A number of large investors have recently modified their holdings of HAIN. Janus Henderson Group PLC lifted its position in Hain Celestial Group by 3,862.2% in the 3rd quarter. Janus Henderson Group PLC now owns 738,747 shares of the company’s stock valued at $20,035,000 after purchasing an additional 720,102 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in Hain Celestial Group by 28.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock valued at $80,460,000 after purchasing an additional 600,000 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Hain Celestial Group by 46.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock valued at $51,358,000 after purchasing an additional 545,113 shares during the last quarter. Proxima Capital Management LLC lifted its position in Hain Celestial Group by 146.7% in the 2nd quarter. Proxima Capital Management LLC now owns 493,482 shares of the company’s stock valued at $14,706,000 after purchasing an additional 293,447 shares during the last quarter. Finally, PGGM Investments lifted its position in Hain Celestial Group by 37.4% in the 3rd quarter. PGGM Investments now owns 1,046,297 shares of the company’s stock valued at $28,376,000 after purchasing an additional 285,000 shares during the last quarter. Hedge funds and other institutional investors own 92.96% of the company’s stock.

WARNING: This report was first posted by Daily Political and is the property of of Daily Political. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.dailypolitical.com/2018/11/10/hain-celestial-group-hain-releases-earnings-results-misses-estimates-by-0-04-eps.html.

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.

Recommended Story: What are the economic characteristics of a bear market?

Earnings History for Hain Celestial Group (NASDAQ:HAIN)

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