Equities analysts expect The Hain Celestial Group, Inc. (NASDAQ:HAIN) to announce sales of $718.54 million for the current quarter, according to Zacks. Five analysts have made estimates for The Hain Celestial Group’s earnings, with the lowest sales estimate coming in at $715.92 million and the highest estimate coming in at $722.40 million. The business is expected to announce its next quarterly earnings report before the market opens on Thursday, June 22nd.

On average, analysts expect that The Hain Celestial Group will report full year sales of $718.54 million for the current financial year, with estimates ranging from $2.84 billion to $2.85 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.96 billion per share, with estimates ranging from $2.94 billion to $2.98 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover The Hain Celestial Group.

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

HAIN has been the subject of several analyst reports. Vetr raised shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $38.90 price target for the company in a report on Tuesday, April 18th. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a report on Friday, May 12th. Susquehanna Bancshares Inc set a $45.00 price target on shares of The Hain Celestial Group and gave the company a “buy” rating in a report on Saturday, May 13th. Zacks Investment Research upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of The Hain Celestial Group in a research note on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.44.

A number of hedge funds have recently bought and sold shares of HAIN. Teacher Retirement System of Texas increased its stake in The Hain Celestial Group by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 8,233 shares of the company’s stock valued at $320,000 after buying an additional 25 shares during the last quarter. Dubuque Bank & Trust Co. increased its stake in The Hain Celestial Group by 0.7% in the first quarter. Dubuque Bank & Trust Co. now owns 6,495 shares of the company’s stock valued at $242,000 after buying an additional 42 shares during the last quarter. New Amsterdam Partners LLC NY increased its stake in The Hain Celestial Group by 0.8% in the second quarter. New Amsterdam Partners LLC NY now owns 8,581 shares of the company’s stock valued at $333,000 after buying an additional 68 shares during the last quarter. Pacer Advisors Inc. increased its stake in The Hain Celestial Group by 1.5% in the first quarter. Pacer Advisors Inc. now owns 11,819 shares of the company’s stock valued at $440,000 after buying an additional 179 shares during the last quarter. Finally, Goelzer Investment Management Inc. increased its stake in The Hain Celestial Group by 0.5% in the second quarter. Goelzer Investment Management Inc. now owns 50,594 shares of the company’s stock valued at $1,964,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 85.96% of the company’s stock.

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The Hain Celestial Group (HAIN) opened at 43.19 on Monday. The Hain Celestial Group has a one year low of $31.01 and a one year high of $56.99. The stock has a 50 day moving average of $38.53 and a 200-day moving average of $37.34. The stock’s market cap is $4.48 billion.

The Hain Celestial Group announced that its board has initiated a stock buyback program on Thursday, June 22nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

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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