The Hain Celestial Group, Inc. (HAIN) Releases FY18 Earnings Guidance
The Hain Celestial Group, Inc. (NASDAQ:HAIN) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.63-1.80 for the period, compared to the Thomson Reuters consensus estimate of $1.65. The company issued revenue guidance of $2.967-3.036 billion, compared to the consensus revenue estimate of $2.97 billion.
The Hain Celestial Group, Inc. (HAIN) opened at 40.61 on Tuesday. The Hain Celestial Group, Inc. has a one year low of $31.01 and a one year high of $45.61. The stock’s market cap is $4.21 billion. The firm’s 50-day moving average is $42.23 and its 200 day moving average is $37.76.
The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Tuesday, August 29th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The company had revenue of $725.10 million for 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 quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. On average, analysts anticipate that The Hain Celestial Group, Inc. will post $1.20 EPS for the current fiscal year.
The Hain Celestial Group announced that its board has approved a share buyback program on Thursday, June 22nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
A number of research firms have commented on HAIN. Jefferies Group LLC reiterated a buy rating and set a $40.40 target price (down from $52.00) on shares of The Hain Celestial Group in a research report on Monday. Susquehanna Bancshares Inc downgraded The Hain Celestial Group from a positive rating to a neutral rating in a research report on Tuesday, August 22nd. UBS AG downgraded The Hain Celestial Group from a positive rating to a neutral rating in a research report on Tuesday, August 22nd. BidaskClub downgraded The Hain Celestial Group from a buy rating to a hold rating in a research report on Wednesday, August 9th. Finally, Loop Capital began coverage on The Hain Celestial Group in a research report on Monday, July 31st. They issued a hold rating and a $46.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $40.59.
About The Hain Celestial Group
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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