Brokerages predict that Hain Celestial Group Inc (NASDAQ:HAIN) will post $534.65 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Hain Celestial Group’s earnings. The lowest sales estimate is $514.60 million and the highest is $545.80 million. Hain Celestial Group reported sales of $599.80 million during the same quarter last year, which would suggest a negative year over year growth rate of 10.9%. The business is expected to issue its next earnings report on Thursday, May 14th.
On average, analysts expect that Hain Celestial Group will report full year sales of $2.02 billion for the current year, with estimates ranging from $1.99 billion to $2.03 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.03 billion, with estimates ranging from $2.00 billion to $2.07 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Hain Celestial Group.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. Hain Celestial Group had a positive return on equity of 4.62% and a negative net margin of 8.73%. The business had revenue of $506.80 million for the quarter, compared to analysts’ expectations of $511.31 million. During the same period last year, the business earned $0.14 EPS. The business’s revenue was down 13.2% on a year-over-year basis.
Shares of NASDAQ HAIN traded down $0.88 during mid-day trading on Tuesday, reaching $25.25. 1,456,891 shares of the company’s stock were exchanged, compared to its average volume of 1,020,012. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -14.03 and a beta of 0.82. Hain Celestial Group has a 52 week low of $17.94 and a 52 week high of $27.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 0.94. The firm has a 50-day moving average price of $24.64 and a two-hundred day moving average price of $24.35.
In related news, insider Christopher J. Boever bought 7,100 shares of Hain Celestial Group stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of $21.11 per share, with a total value of $149,881.00. Following the acquisition, the insider now directly owns 7,100 shares of the company’s stock, valued at $149,881. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 20.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its holdings in Hain Celestial Group by 4.7% during the 1st quarter. State of Alaska Department of Revenue now owns 13,821 shares of the company’s stock valued at $358,000 after buying an additional 618 shares in the last quarter. Centre Asset Management LLC purchased a new position in Hain Celestial Group during the 1st quarter valued at about $7,351,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Hain Celestial Group by 21.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 14,152 shares of the company’s stock valued at $361,000 after buying an additional 2,500 shares in the last quarter. Norges Bank purchased a new position in Hain Celestial Group during the 4th quarter valued at about $20,450,000. Finally, Geode Capital Management LLC grew its holdings in Hain Celestial Group by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 959,141 shares of the company’s stock valued at $24,894,000 after buying an additional 3,263 shares in the last quarter. 99.83% of the stock is 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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