The Hain Celestial Group Shares Up 10.5% After Better-Than-Expected Earnings (HAIN)
The Hain Celestial Group (NASDAQ:HAIN)’s share price shot up 10.5% on Wednesday following a stronger than expected earnings report, AR Network reports. The company traded as high as $96.68 and last traded at $96.03, with a volume of 2,459,160 shares traded. The stock had previously closed at $86.93.
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. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 26.0% on a year-over-year basis.
Several analysts have recently commented on the stock. 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. Separately, 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $98.09.
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 $4.810 billion and a price-to-earnings ratio of 33.02.
The Hain Celestial Group, Inc, manufactures, markets, distributes and sells natural and organic products.
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