Equities Analysts Issue Forecasts for The Hain Celestial Group, Inc.’s Q4 2018 Earnings (HAIN)
The Hain Celestial Group, Inc. (NASDAQ:HAIN) – Research analysts at Jefferies Group dropped their Q4 2018 earnings estimates for shares of The Hain Celestial Group in a research report issued on Monday. Jefferies Group analyst A. Jagdale now anticipates that the company will earn $0.44 per share for the quarter, down from their previous estimate of $0.45. Jefferies Group has a “Buy” rating and a $40.40 price objective on the stock. Jefferies Group also issued estimates for The Hain Celestial Group’s Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $1.96 EPS.
The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $725.10 million during the quarter, compared to the consensus estimate of $720.70 million. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. The Hain Celestial Group’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share.
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HAIN has been the topic of a number of other research reports. Vetr upgraded The Hain Celestial Group from a “buy” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, May 2nd. Susquehanna Bancshares Inc set a $45.00 price objective on The Hain Celestial Group and gave the stock a “buy” rating in a research note on Saturday, May 13th. Zacks Investment Research upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of The Hain Celestial Group in a research note on Wednesday, May 17th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $44.00 price objective on shares of The Hain Celestial Group in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.59.
Shares of The Hain Celestial Group (NASDAQ HAIN) traded down 2.09% during mid-day trading on Tuesday, reaching $39.76. The company had a trading volume of 4,617,239 shares. The stock’s 50-day moving average price is $42.23 and its 200 day moving average price is $37.76. The Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $45.61. The company’s market capitalization is $4.12 billion.
The Hain Celestial Group declared that its board has approved a stock buyback program on Thursday, June 22nd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAIN. IFP Advisors Inc boosted its position in The Hain Celestial Group by 50.6% in the first quarter. IFP Advisors Inc now owns 3,209 shares of the company’s stock valued at $119,000 after buying an additional 1,078 shares during the period. Invictus RG acquired a new position in The Hain Celestial Group during the first quarter valued at approximately $174,000. Creative Planning boosted its position in The Hain Celestial Group by 14.0% in the first quarter. Creative Planning now owns 4,852 shares of the company’s stock valued at $180,000 after buying an additional 597 shares during the period. FormulaFolio Investments LLC acquired a new position in The Hain Celestial Group during the first quarter valued at approximately $200,000. Finally, Tudor Investment Corp ET AL acquired a new position in The Hain Celestial Group during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.29% of the company’s stock.
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.
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