Zacks: Analysts Anticipate The Hain Celestial Group, Inc. (NASDAQ:HAIN) to Post $0.40 EPS

Wall Street brokerages expect The Hain Celestial Group, Inc. (NASDAQ:HAIN) to post earnings per share of $0.40 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for The Hain Celestial Group’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.39. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, June 22nd.

According to Zacks, analysts expect that The Hain Celestial Group will report full year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.19 to $1.20. For the next year, analysts expect that the company will post earnings of $1.64 per share, with EPS estimates ranging from $1.56 to $1.76. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow The Hain Celestial Group.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.19. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. The business had revenue of $706.56 million for the quarter, compared to analysts’ expectations of $721 million.

HAIN has been the subject of a number of research reports. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of The Hain Celestial Group in a report on Friday, June 30th. Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 target price (down previously from $62.00) on shares of The Hain Celestial Group in a report on Monday, July 10th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $44.00 target price (up previously from $42.00) on shares of The Hain Celestial Group in a report on Friday, June 23rd. Vetr downgraded The Hain Celestial Group from a “strong-buy” rating to a “buy” rating and set a $37.69 target price for the company. in a report on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of The Hain Celestial Group in a report on Wednesday, May 31st. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $41.11.

Several hedge funds have recently bought and sold shares of HAIN. Dubuque Bank & Trust Co. boosted its stake in The Hain Celestial Group by 0.7% in the first quarter. Dubuque Bank & Trust Co. now owns 6,495 shares of the company’s stock worth $242,000 after buying an additional 42 shares during the period. Pacer Advisors Inc. boosted its stake in shares of The Hain Celestial Group by 1.5% in the first quarter. Pacer Advisors Inc. now owns 11,819 shares of the company’s stock valued at $440,000 after buying an additional 179 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of The Hain Celestial Group by 2.9% in the first quarter. Capstone Asset Management Co. now owns 9,482 shares of the company’s stock valued at $353,000 after buying an additional 270 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of The Hain Celestial Group by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 49,254 shares of the company’s stock valued at $1,832,000 after buying an additional 275 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its stake in shares of The Hain Celestial Group by 0.7% in the first quarter. State Treasurer State of Michigan now owns 42,000 shares of the company’s stock valued at $1,562,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

The Hain Celestial Group (HAIN) traded down 0.08% during midday trading on Friday, hitting $39.90. 3,312,694 shares of the stock traded hands. The stock’s market cap is $4.14 billion. The company has a 50-day moving average of $35.37 and a 200-day moving average of $37.11. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $56.99.

The Hain Celestial Group announced that its board has approved a share buyback plan on Thursday, June 22nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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The 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.

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

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