Hain Celestial Group Inc (NASDAQ:HAIN) – Stock analysts at Jefferies Group upped their Q3 2018 earnings estimates for shares of Hain Celestial Group in a research report issued on Thursday. Jefferies Group analyst A. Jagdale now anticipates that the company will earn $0.49 per share for the quarter, up from their previous forecast of $0.47. Jefferies Group currently has a “Buy” rating and a $52.00 target price on the stock. Jefferies Group also issued estimates for Hain Celestial Group’s Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $1.70 EPS, Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $1.94 EPS, Q2 2020 earnings at $0.53 EPS, FY2020 earnings at $2.24 EPS and FY2021 earnings at $2.60 EPS.
Other equities research analysts have also issued research reports about the stock. TheStreet lowered shares of Hain Celestial Group from a “b-” rating to a “c” rating in a research report on Tuesday, November 7th. BidaskClub raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Loop Capital set a $38.00 price target on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Thursday, December 28th. SunTrust Banks reaffirmed a “hold” rating and set a $35.00 price target on shares of Hain Celestial Group in a research report on Friday, November 10th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Hain Celestial Group in a research report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.72.
Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results 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). Hain Celestial Group had a return on equity of 8.35% and a net margin of 3.38%. The business had revenue of $775.20 million during the quarter, compared to analysts’ expectations of $774.50 million. During the same period last year, the firm posted $0.32 EPS. Hain Celestial Group’s quarterly revenue was up 4.8% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Calton & Associates Inc. bought a new position in Hain Celestial Group in the 4th quarter worth approximately $110,000. Saratoga Research & Investment Management bought a new position in Hain Celestial Group in the 3rd quarter worth approximately $124,000. Stuart Chaussee & Associates Inc. bought a new position in Hain Celestial Group in the 4th quarter worth approximately $127,000. KBC Group NV boosted its stake in Hain Celestial Group by 106.9% in 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 period. Finally, Oppenheimer & Co. Inc. bought a new position in Hain Celestial Group in the 4th quarter worth approximately $201,000. 90.22% of the stock is owned by institutional investors.
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About Hain Celestial Group
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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