Hain Celestial Group Inc. (HAIN) Releases FY14 Earnings Guidance
Hain Celestial Group Inc. (NASDAQ:HAIN) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.07-$3.15 for the period, compared to the Thomson Reuters consensus estimate of $3.08, Analyst Ratings Network reports. The company issued revenue guidance of $2.115-$2.145 billion, compared to the consensus revenue estimate of $2.12 billion.
A number of research firms have recently commented on HAIN. Analysts at Canaccord Genuity initiated coverage on shares of Hain Celestial Group in a research note to investors on Tuesday, January 21st. They set a market perform rating and a $108.00 price target on the stock. On a related note, analysts at Wells Fargo & Co. initiated coverage on shares of Hain Celestial Group in a research note to investors on Tuesday, January 21st. They set a market perform rating on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated an outperform rating on shares of Hain Celestial Group in a research note to investors on Friday, January 17th. They now have a $107.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $92.15.
Hain Celestial Group Inc. (NASDAQ:HAIN) traded up 1.70% on Tuesday, hitting $90.99. The stock had a trading volume of 1,161,230 shares. Hain Celestial Group Inc. has a one year low of $52.42 and a one year high of $98.83. The stock’s 50-day moving average is $91.15 and its 200-day moving average is $82.15. The company has a market cap of $4.348 billion and a price-to-earnings ratio of 34.07.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.87 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.88 by $0.01. The company had revenue of $534.90 million for the quarter, compared to the consensus estimate of $538.52 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts predict that Hain Celestial Group Inc. will post $3.11 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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