Hain Celestial Group (HAIN) Given Daily Coverage Optimism Score of 0.41
News coverage about Hain Celestial Group (NASDAQ:HAIN) has been trending positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hain Celestial Group earned a media sentiment score of 0.41 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.1789442569617 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Dairy Alternatives Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024 (einpresswire.com)
- Dairy Alternatives Market is anticipated to cross USD 34 Billion by 2024 (bizjournals.com)
- Hain Celestial Group (HAIN) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Hain Celestial Group (HAIN) Downgraded by BidaskClub to Strong Sell (americanbankingnews.com)
Shares of Hain Celestial Group (NASDAQ HAIN) opened at $40.01 on Thursday. Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $45.61. The stock has a market capitalization of $4,180.00, a price-to-earnings ratio of 53.35, a P/E/G ratio of 1.68 and a beta of 1.25. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42.
Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The company had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. During the same quarter last year, the company posted $0.14 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. analysts forecast that Hain Celestial Group will post 1.68 EPS for the current fiscal year.
HAIN has been the topic of several recent analyst reports. BMO Capital Markets lowered Hain Celestial Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $48.00 to $44.00 in a research note on Thursday, October 19th. TheStreet downgraded Hain Celestial Group from a “b-” rating to a “c” rating in a report on Tuesday, November 7th. Royal Bank of Canada restated a “hold” rating on shares of Hain Celestial Group in a report on Thursday, November 9th. Jefferies Group restated a “buy” rating and set a $52.00 price objective on shares of Hain Celestial Group in a report on Friday, November 17th. Finally, Maxim Group restated a “sell” rating on shares of Hain Celestial Group in a report on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Hain Celestial Group currently has an average rating of “Hold” and an average price target of $41.31.
In related news, SVP Michael B. Mcguinness purchased 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $34.58 per share, for a total transaction of $121,030.00. Following the completion of the acquisition, the senior vice president now owns 55,131 shares of the company’s stock, valued at approximately $1,906,429.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Irwin D. Simon acquired 50,000 shares of Hain Celestial Group stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $34.14 per share, with a total value of $1,707,000.00. Following the purchase, the chief executive officer now directly owns 1,695,014 shares in the company, valued at $57,867,777.96. The disclosure for this purchase can be found here. Insiders have purchased 68,500 shares of company stock valued at $2,352,730 in the last quarter. 12.34% of the stock is currently owned by corporate insiders.
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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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