Brokerages expect The Hain Celestial Group, Inc. (NASDAQ:HAIN) to report $718.54 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for The Hain Celestial Group’s earnings, with estimates ranging from $715.92 million to $722.40 million. The business is expected to announce its next earnings results before the market opens on Thursday, June 22nd.

According to Zacks, analysts expect that The Hain Celestial Group will report full year sales of $718.54 million for the current fiscal year, with estimates ranging from $2.84 billion to $2.85 billion. For the next year, analysts forecast that the firm will report sales of $2.96 billion per share, with estimates ranging from $2.94 billion to $2.98 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for The Hain Celestial Group.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.19. The company had revenue of $706.56 million for the quarter, compared to the consensus estimate of $721 million. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%.

Several research firms have issued reports on HAIN. Maxim Group upgraded shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday. Citigroup Inc. restated a “buy” rating and issued a $46.00 price target (down previously from $62.00) on shares of The Hain Celestial Group in a research report on Monday, July 10th. Vetr lowered shares of The Hain Celestial Group from a “buy” rating to a “hold” rating and set a $39.79 price target on the stock. in a research report on Monday, July 10th. J P Morgan Chase & Co restated a “neutral” rating on shares of The Hain Celestial Group in a research report on Friday, June 30th. Finally, Wells Fargo & Company set a $42.00 price target on shares of The Hain Celestial Group and gave the stock a “hold” rating in a research report on Saturday, July 1st. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $41.11.

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in The Hain Celestial Group by 50.6% in the first quarter. IFP Advisors Inc now owns 3,209 shares of the company’s stock valued at $119,000 after buying an additional 1,078 shares during the last quarter. Invictus RG acquired a new stake in The Hain Celestial Group during the first quarter valued at about $174,000. Creative Planning raised its stake in The Hain Celestial Group by 14.0% in the first quarter. Creative Planning now owns 4,852 shares of the company’s stock valued at $180,000 after buying an additional 597 shares during the last quarter. FormulaFolio Investments LLC acquired a new stake in The Hain Celestial Group during the first quarter valued at about $200,000. Finally, Tudor Investment Corp ET AL acquired a new stake in The Hain Celestial Group during the first quarter valued at about $201,000. 86.67% of the stock is owned by institutional investors and hedge funds.

The Hain Celestial Group (NASDAQ:HAIN) opened at 39.93 on Friday. The company’s market cap is $4.14 billion. The company’s 50-day moving average is $35.37 and its 200 day moving average is $37.11. The Hain Celestial Group has a 52-week low of $31.01 and a 52-week high of $56.99.

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The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.

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Earnings History and Estimates for The Hain Celestial Group (NASDAQ:HAIN)

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