Equities research analysts expect Hain Celestial Group Inc (NASDAQ:HAIN) to report $580.94 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Hain Celestial Group’s earnings. The lowest sales estimate is $562.00 million and the highest is $589.30 million. Hain Celestial Group posted sales of $619.60 million during the same quarter last year, which suggests a negative year-over-year growth rate of 6.2%. The business is scheduled to issue its next earnings results on Tuesday, August 27th.

According to Zacks, analysts expect that Hain Celestial Group will report full-year sales of $2.32 billion for the current financial year, with estimates ranging from $2.31 billion to $2.33 billion. For the next year, analysts expect that the company will report sales of $2.25 billion, with estimates ranging from $2.08 billion to $2.32 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Hain Celestial Group.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $599.80 million for the quarter, compared to analyst estimates of $597.75 million. Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share.

Several research firms have recently issued reports on HAIN. Buckingham Research set a $23.00 price target on shares of Hain Celestial Group and gave the company a “hold” rating in a research report on Friday, May 10th. Zacks Investment Research raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Maxim Group reissued a “buy” rating and issued a $28.00 price target (up previously from $25.00) on shares of Hain Celestial Group in a research report on Friday, May 10th. UBS Group set a $15.00 price target on shares of Hain Celestial Group and gave the company a “sell” rating in a research report on Monday. Finally, SunTrust Banks boosted their price target on shares of Hain Celestial Group to $20.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.54.

Shares of HAIN stock opened at $24.30 on Friday. Hain Celestial Group has a 52 week low of $14.45 and a 52 week high of $31.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.22 and a current ratio of 2.16. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 5.99 and a beta of 1.42.

In other news, insider Engaged Capital Co-Invest Vi-D bought 951,932 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $19.97 per share, with a total value of $19,010,082.04. Following the acquisition, the insider now owns 21,577 shares of the company’s stock, valued at approximately $430,892.69. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn W. Welling bought 908,118 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of $23.49 per share, for a total transaction of $21,331,691.82. Following the acquisition, the director now directly owns 21,577 shares in the company, valued at approximately $506,843.73. The disclosure for this purchase can be found here. Insiders have purchased a total of 8,637,226 shares of company stock worth $187,851,273 in the last ninety days. 13.50% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Ameritas Investment Corp bought a new stake in Hain Celestial Group during the 1st quarter worth approximately $28,000. CWM Advisors LLC bought a new stake in Hain Celestial Group during the 1st quarter worth approximately $206,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Hain Celestial Group by 37.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,341 shares of the company’s stock worth $424,000 after acquiring an additional 5,022 shares during the period. Morgan Stanley increased its holdings in Hain Celestial Group by 5.7% during the 1st quarter. Morgan Stanley now owns 1,203,327 shares of the company’s stock worth $27,821,000 after acquiring an additional 64,896 shares during the period. Finally, SEI Investments Co increased its holdings in Hain Celestial Group by 19.3% during the 1st quarter. SEI Investments Co now owns 106,650 shares of the company’s stock worth $2,501,000 after acquiring an additional 17,226 shares during the period. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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

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