Hain Celestial Group (HAIN) Shares Down 1.4% After Earnings Miss
Hain Celestial Group Inc (NASDAQ:HAIN) shares fell 1.4% during trading on Friday following a weaker than expected earnings announcement. The company traded as low as $22.03 and last traded at $22.20. 126,393 shares traded hands during trading, a decline of 89% from the average session volume of 1,131,089 shares. The stock had previously closed at $22.51.
The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.04). Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The company had revenue of $560.88 million during the quarter, compared to analyst estimates of $588.12 million. During the same period in the prior year, the business posted $0.20 earnings per share. Hain Celestial Group’s revenue was down 4.8% on a year-over-year basis.
A number of research analysts have weighed in on the stock. Buckingham Research set a $24.00 price target on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Friday. UBS Group set a $21.00 price target on shares of Hain Celestial Group and gave the company a “sell” rating in a research report on Friday. Maxim Group reduced their price target on shares of Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday. Piper Jaffray Companies assumed coverage on shares of Hain Celestial Group in a research report on Friday, October 12th. They set a “hold” rating and a $26.00 price target on the stock. Finally, ValuEngine raised shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.50.
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. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.49.
ILLEGAL ACTIVITY NOTICE: “Hain Celestial Group (HAIN) Shares Down 1.4% After Earnings Miss” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/hain-celestial-group-hain-shares-down-1-4-after-earnings-miss/2599097.html.
Hain Celestial Group Company Profile (NASDAQ:HAIN)
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.
Further Reading: Bear Market
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.