The Hain Celestial Group, Inc. (HAIN) Scheduled to Post Quarterly Earnings on Tuesday
The Hain Celestial Group, Inc. (NASDAQ:HAIN) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 29th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. The Hain Celestial Group has set its Q4 guidance at $0.40-0.43 EPS.
The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, June 22nd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.52 by $0.19. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. The business had revenue of $706.56 million for the quarter, compared to analyst estimates of $721 million. On average, analysts expect The Hain Celestial Group to post $1.20 EPS for the current fiscal year and $1.65 EPS for the next fiscal year.
Shares of The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at 42.50 on Tuesday. The firm’s market capitalization is $4.41 billion. The Hain Celestial Group, Inc. has a 52 week low of $31.01 and a 52 week high of $45.61. The firm’s 50-day moving average is $42.06 and its 200 day moving average is $37.69.
The Hain Celestial Group announced that its Board of Directors has authorized a stock buyback program on Thursday, June 22nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.
HAIN has been the subject of several recent research reports. Vetr raised The Hain Celestial Group from a “buy” rating to a “strong-buy” rating and set a $42.01 price target for the company in a report on Tuesday, May 16th. Zacks Investment Research raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Jefferies Group LLC reaffirmed 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 $44.00 price target on The Hain Celestial Group and gave the stock a “buy” rating in a report on Friday, May 19th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of The Hain Celestial Group in a report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.30.
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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