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

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

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The firm had revenue of $454.10 million during the quarter, compared to the consensus estimate of $461.31 million. During the same period in the prior year, the firm earned $0.20 EPS. The company’s revenue was up .0% compared to the same quarter last year. 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 Stock Down 2.2 %

The Hain Celestial Group stock opened at $6.80 on Monday. The company has a market capitalization of $610.84 million, a P/E ratio of -3.84 and a beta of 0.74. The company has a quick ratio of 1.14, a current ratio of 2.24 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average price of $7.63 and a 200-day moving average price of $9.63. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $17.73.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Barclays dropped their price target on shares of The Hain Celestial Group from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. DA Davidson assumed coverage on shares of The Hain Celestial Group in a research note on Friday, March 1st. They set a “neutral” rating and a $10.00 price target on the stock. Maxim Group dropped their price target on shares of The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Stifel Nicolaus dropped their price target on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.70.

Insiders Place Their Bets

In other news, CEO Wendy P. Davidson bought 5,000 shares of the stock in a transaction on 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 purchase, the chief executive officer now directly owns 58,309 shares of the company’s stock, valued at approximately $551,603.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

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.