Hain Celestial Group Inc. (HAIN) Issues FY14 Earnings Guidance
Hain Celestial Group Inc. (NASDAQ:HAIN) updated its FY14 earnings guidance on Tuesday. The company provided EPS guidance of $2.95-3.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.01, AR Network reports. The company issued revenue guidance of $2.025-2.05 billion, compared to the consensus revenue estimate of $2.03 billion.Hain Celestial Group also updated its Q1 guidance to $0.47-0.51 EPS.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray Cos. upgraded shares of Hain Celestial Group from a neutral rating to an overweight rating in a research note to investors on Monday. They now have a $94.00 price target on the stock, up previously from $80.00. On a related note, analysts at Janney Montgomery Scott reiterated a buy rating on shares of Hain Celestial Group in a research note to investors on Tuesday, September 17th. They now have a $75.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Hain Celestial Group from $86.00 to $94.00 in a research note to investors on Tuesday, September 17th. They now have an overweight rating on the stock. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $84.25.
Shares of Hain Celestial Group Inc. (NASDAQ:HAIN) traded down 5.32% on Tuesday, hitting $75.33. The stock had a trading volume of 2,648,556 shares. Hain Celestial Group Inc. has a 52-week low of $51.51 and a 52-week high of $85.48. The stock has a 50-day moving average of $78.9 and a 200-day moving average of $69.9. The company has a market cap of $3.593 billion and a P/E ratio of 32.99.
Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. The company had revenue of $463.50 million for the quarter, compared to the consensus estimate of $454.82 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, analysts predict that Hain Celestial Group Inc. will post $3.02 earnings per share for the current fiscal year.
The Hain Celestial Group, Inc manufactures, markets, distributes and sells natural and organic products under brand names, which are sold as better-for-you products.
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