The Hain Celestial Group, Inc. (HAIN) Issues FY15 Earnings Guidance
The Hain Celestial Group, Inc. (NASDAQ:HAIN) issued an update on its FY15 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.72-3.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.73, Analyst Ratings Network reports. The company issued revenue guidance of $2.725-2.80 billion, compared to the consensus revenue estimate of $2.51 billion.
A number of research firms have recently commented on HAIN. Analysts at JPMorgan Chase & Co. cut their price target on shares of The Hain Celestial Group from $103.00 to $101.00 in a research note on Tuesday, July 15th. On a related note, analysts at Piper Jaffray raised their price target on shares of The Hain Celestial Group from $102.00 to $104.00 in a research note on Wednesday, July 2nd. Finally, analysts at Citigroup Inc. raised their price target on shares of The Hain Celestial Group from $104.00 to $109.00 in a research note on Tuesday, June 3rd. They now have a buy rating on the stock. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $98.09.
Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) opened at 86.93 on Wednesday. The Hain Celestial Group, Inc. has a one year low of $72.34 and a one year high of $98.83. The stock’s 50-day moving average is $87.36 and its 200-day moving average is $88.94. The company has a market cap of $4.356 billion and a price-to-earnings ratio of 33.69.
The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.01. The company had revenue of $583.80 million for the quarter, compared to the consensus estimate of $578.30 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, analysts predict that The Hain Celestial Group, Inc. will post $3.16 earnings per share for the current fiscal year.
The Hain Celestial Group, Inc, manufactures, markets, distributes and sells natural and organic products.
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