Brokers Offer Predictions for Hain Celestial Group Inc’s Q1 2019 Earnings (HAIN)

Hain Celestial Group Inc (NASDAQ:HAIN) – Analysts at Jefferies Financial Group raised their Q1 2019 earnings estimates for shares of Hain Celestial Group in a report issued on Monday, September 24th. Jefferies Financial Group analyst A. Jagdale now expects that the company will post earnings per share of $0.14 for the quarter, up from their previous estimate of $0.13. Jefferies Financial Group currently has a “Buy” rating and a $45.00 target price on the stock. Jefferies Financial Group also issued estimates for Hain Celestial Group’s Q1 2020 earnings at $0.22 EPS, Q2 2020 earnings at $0.45 EPS, FY2020 earnings at $1.74 EPS and FY2021 earnings at $2.16 EPS.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, August 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. The company had revenue of $619.60 million for the quarter, compared to the consensus estimate of $629.25 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year.

Several other analysts also recently issued reports on the stock. BidaskClub downgraded shares of Hain Celestial Group from a “buy” rating to a “hold” rating in a report on Friday, September 21st. ValuEngine downgraded shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 18th. Wells Fargo & Co upped their price target on shares of Hain Celestial Group from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Thursday, August 30th. Buckingham Research reduced their price target on shares of Hain Celestial Group from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, August 29th. Finally, Zacks Investment Research raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.87.

Shares of NASDAQ HAIN opened at $26.70 on Thursday. Hain Celestial Group has a 12-month low of $25.41 and a 12-month high of $44.37. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.82 and a beta of 1.10. The company has a current ratio of 2.49, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Hain Celestial Group by 1.0% during the second quarter. BlackRock Inc. now owns 8,777,416 shares of the company’s stock valued at $261,568,000 after buying an additional 89,119 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Hain Celestial Group by 28.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock valued at $80,460,000 after buying an additional 600,000 shares during the period. Schroder Investment Management Group lifted its stake in shares of Hain Celestial Group by 17.2% during the first quarter. Schroder Investment Management Group now owns 2,150,126 shares of the company’s stock valued at $68,955,000 after buying an additional 315,842 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Hain Celestial Group by 46.3% during the second quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock valued at $51,358,000 after buying an additional 545,113 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Hain Celestial Group by 0.4% during the first quarter. Royal Bank of Canada now owns 1,082,283 shares of the company’s stock valued at $34,708,000 after buying an additional 4,413 shares during the period. 92.46% of the stock is currently owned by institutional investors and hedge funds.

About Hain Celestial Group

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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