Hain Celestial Group Inc. (HAIN) Releases Q1 Earnings Guidance
Hain Celestial Group Inc. (NASDAQ:HAIN) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.47-0.51 for the period, compared to the Thomson Reuters consensus estimate of $0.56, Analyst Ratings Network reports. The company issued revenue guidance of $472-477 million, compared to the consensus revenue estimate of $467.17 million.Hain Celestial Group also updated its FY14 guidance to $2.95-3.05 EPS.
Shares of Hain Celestial Group Inc. (NASDAQ:HAIN) traded down 5.32% on Tuesday, hitting $75.33. 2,648,556 shares of the company’s stock traded hands. 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 price-to-earnings 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.47 earnings per share. Hain Celestial Group’s revenue was up 32.1% compared to the same quarter last year. On average, analysts predict that Hain Celestial Group Inc. will post $3.02 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on HAIN shares. 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 investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $84.25.
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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