The Hain Celestial Group (NASDAQ:HAIN) Posts Earnings Results, Misses Estimates By $0.02 EPS

The Hain Celestial Group (NASDAQ:HAIN) announced its earnings results on Monday. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02), FiscalAI reports. The Hain Celestial Group had a negative return on equity of 3.52% and a negative net margin of 35.47%.The firm had revenue of $263.07 million during the quarter, compared to the consensus estimate of $261.24 million.

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock opened at $0.62 on Monday. The firm has a market capitalization of $55.90 million, a P/E ratio of -0.11 and a beta of 0.80. The business has a 50-day moving average of $0.61 and a 200-day moving average of $0.68. The Hain Celestial Group has a 1 year low of $0.48 and a 1 year high of $2.17.

Wall Street Analysts Forecast Growth

HAIN has been the topic of several analyst reports. Jefferies Financial Group lowered their price objective on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings cut shares of The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday, August 28th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $1.06.

Institutional Investors Weigh In On The Hain Celestial Group

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of The Hain Celestial Group by 151.1% in the 1st quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock valued at $4,424,000 after buying an additional 641,567 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of The Hain Celestial Group by 295.4% during the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock valued at $19,637,000 after purchasing an additional 3,535,073 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in The Hain Celestial Group during the 1st quarter worth approximately $162,000. Empowered Funds LLC bought a new position in The Hain Celestial Group in the first quarter valued at approximately $444,000. Finally, Cetera Investment Advisers boosted its holdings in shares of The Hain Celestial Group by 255.1% in the second quarter. Cetera Investment Advisers now owns 43,876 shares of the company’s stock valued at $67,000 after buying an additional 31,521 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About The Hain Celestial Group

The Hain Celestial Group, Inc (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth’s Best organic baby foods, Rudi’s organic bakery items, Terra vegetable chips and Sensible Portions snacks.