The Hain Celestial Group (HAIN) to Release Quarterly Earnings on Wednesday

The Hain Celestial Group (NASDAQ:HAIN) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. The Hain Celestial Group has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $454.10 million during the quarter, compared to analysts’ expectations of $461.31 million. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. On average, analysts expect The Hain Celestial Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

The Hain Celestial Group Trading Down 2.1 %

NASDAQ HAIN opened at $6.14 on Wednesday. The stock has a market capitalization of $551.56 million, a P/E ratio of -3.47 and a beta of 0.68. The Hain Celestial Group has a 52-week low of $5.68 and a 52-week high of $18.25. The firm has a 50-day moving average price of $7.80 and a 200 day moving average price of $9.72. The company has a quick ratio of 1.14, a current ratio of 2.24 and a debt-to-equity ratio of 0.81.

Insider Activity

In other The Hain Celestial Group news, CEO Wendy P. Davidson purchased 5,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $9.46 per share, for a total transaction of $47,300.00. Following the completion of the transaction, the chief executive officer now directly owns 58,309 shares of the company’s stock, valued at $551,603.14. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HAIN shares. DA Davidson started coverage on shares of The Hain Celestial Group in a report on Friday, March 1st. They issued a “neutral” rating and a $10.00 target price for the company. Stifel Nicolaus dropped their target price on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, April 26th. Mizuho dropped their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, April 3rd. JPMorgan Chase & Co. dropped their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. Finally, Barclays dropped their target price on shares of The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.70.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.