FY2018 Earnings Forecast for Hain Celestial Group Inc (HAIN) Issued By Oppenheimer

Hain Celestial Group Inc (NASDAQ:HAIN) – Analysts at Oppenheimer decreased their FY2018 EPS estimates for Hain Celestial Group in a research note issued to investors on Wednesday. Oppenheimer analyst R. Parikh now expects that the company will post earnings of $1.63 per share for the year, down from their previous forecast of $1.65. Oppenheimer also issued estimates for Hain Celestial Group’s FY2019 earnings at $1.65 EPS.

Other equities analysts have also recently issued reports about the company. Jefferies Group reaffirmed a “buy” rating and issued a $52.00 price target on shares of Hain Celestial Group in a research note on Wednesday. BMO Capital Markets dropped their price objective on Hain Celestial Group from $44.00 to $39.00 and set a “market perform” rating for the company in a research note on Thursday. Loop Capital reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Hain Celestial Group in a research note on Friday, December 22nd. Zacks Investment Research lowered Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, Susquehanna Bancshares set a $43.00 price objective on Hain Celestial Group and gave the stock a “hold” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.90.

Shares of Hain Celestial Group (NASDAQ:HAIN) traded down $0.90 during trading on Friday, reaching $33.45. The company’s stock had a trading volume of 729,519 shares, compared to its average volume of 1,092,403. The company has a quick ratio of 1.22, a current ratio of 2.44 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3,590.00, a PE ratio of 35.38, a P/E/G ratio of 1.49 and a beta of 1.09. Hain Celestial Group has a 1-year low of $31.01 and a 1-year high of $45.61.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $775.20 million for the quarter, compared to analysts’ expectations of $774.50 million. Hain Celestial Group had a net margin of 3.38% and a return on equity of 8.35%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share.

A number of hedge funds have recently modified their holdings of HAIN. Calton & Associates Inc. acquired a new stake in shares of Hain Celestial Group in the 4th quarter worth $110,000. Saratoga Research & Investment Management acquired a new position in shares of Hain Celestial Group during the 3rd quarter worth approximately $124,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of Hain Celestial Group during the 4th quarter worth approximately $127,000. KBC Group NV boosted its holdings in shares of Hain Celestial Group by 106.9% during the 4th quarter. KBC Group NV now owns 3,752 shares of the company’s stock worth $159,000 after purchasing an additional 1,939 shares during the last quarter. Finally, First National Trust Co. acquired a new position in shares of Hain Celestial Group during the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 90.22% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “FY2018 Earnings Forecast for Hain Celestial Group Inc (HAIN) Issued By Oppenheimer” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/09/fy2018-earnings-forecast-for-hain-celestial-group-inc-hain-issued-by-oppenheimer.html.

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.

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

Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply