Equities analysts forecast that Hain Celestial Group Inc (NASDAQ:HAIN) will announce $604.90 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Hain Celestial Group’s earnings, with the lowest sales estimate coming in at $589.90 million and the highest estimate coming in at $631.08 million. Hain Celestial Group reported sales of $632.72 million during the same quarter last year, which indicates a negative year over year growth rate of 4.4%. The business is expected to announce its next earnings report on Tuesday, May 14th.

On average, analysts expect that Hain Celestial Group will report full year sales of $2.33 billion for the current financial year, with estimates ranging from $2.32 billion to $2.33 billion. For the next financial year, analysts anticipate that the business will report sales of $2.36 billion, with estimates ranging from $2.28 billion to $2.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hain Celestial Group.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, February 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.12). Hain Celestial Group had a negative net margin of 6.72% and a positive return on equity of 5.28%. The company had revenue of $584.16 million during the quarter, compared to the consensus estimate of $611.18 million. During the same period last year, the firm posted $0.32 earnings per share. The company’s revenue for the quarter was down 5.2% on a year-over-year basis.

Several equities research analysts have weighed in on HAIN shares. BidaskClub downgraded shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 5th. Piper Jaffray Companies set a $17.00 price target on shares of Hain Celestial Group and gave the company a “hold” rating in a research note on Friday, February 8th. Maxim Group decreased their price target on shares of Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, November 8th. Wells Fargo & Co set a $42.00 price target on shares of Hain Celestial Group and gave the company a “hold” rating in a research note on Thursday, December 20th. Finally, BMO Capital Markets decreased their price target on shares of Hain Celestial Group from $25.00 to $23.00 and set a “market perform” rating for the company in a research note on Monday, December 17th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.64.

Hedge funds and other institutional investors have recently modified their holdings of the company. RMB Capital Management LLC purchased a new position in Hain Celestial Group during the fourth quarter worth about $476,000. American International Group Inc. boosted its holdings in Hain Celestial Group by 0.4% during the fourth quarter. American International Group Inc. now owns 182,520 shares of the company’s stock worth $2,895,000 after purchasing an additional 684 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Hain Celestial Group by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 952,725 shares of the company’s stock worth $15,109,000 after purchasing an additional 29,919 shares during the last quarter. Brown Advisory Inc. purchased a new position in Hain Celestial Group during the fourth quarter worth about $14,653,000. Finally, Stifel Financial Corp boosted its holdings in Hain Celestial Group by 30.4% during the fourth quarter. Stifel Financial Corp now owns 47,030 shares of the company’s stock worth $748,000 after purchasing an additional 10,965 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

HAIN opened at $17.79 on Thursday. Hain Celestial Group has a 1-year low of $14.45 and a 1-year high of $36.15. The company has a quick ratio of 1.25, a current ratio of 2.17 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 12.24 and a beta of 1.38.

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 and Estimates for Hain Celestial Group (NASDAQ:HAIN)

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