Research Analysts Set Expectations for Hain Celestial Group Inc’s Q2 2020 Earnings (NASDAQ:HAIN)

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Hain Celestial Group Inc (NASDAQ:HAIN) – Equities researchers at William Blair upped their Q2 2020 earnings per share (EPS) estimates for shares of Hain Celestial Group in a research report issued on Thursday, November 7th. William Blair analyst J. Andersen now anticipates that the company will earn $0.15 per share for the quarter, up from their prior forecast of $0.14. William Blair also issued estimates for Hain Celestial Group’s Q4 2020 earnings at $0.19 EPS.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Hain Celestial Group from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a report on Wednesday, October 30th. Wells Fargo & Co boosted their price target on Hain Celestial Group from $20.00 to $25.00 and gave the company a “market perform” rating in a report on Tuesday. Citigroup lowered their price target on Hain Celestial Group from $29.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. BidaskClub upgraded Hain Celestial Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 7th. Finally, Loop Capital lowered their price target on Hain Celestial Group to $20.00 and set a “hold” rating for the company in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $22.81.

Shares of NASDAQ HAIN traded down $0.19 during trading on Monday, reaching $25.41. The stock had a trading volume of 996,300 shares, compared to its average volume of 1,453,545. Hain Celestial Group has a one year low of $14.45 and a one year high of $26.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.77. The stock has a market cap of $2.70 billion, a PE ratio of 38.50 and a beta of 1.40. The firm’s 50 day moving average price is $22.41 and its two-hundred day moving average price is $21.58.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Hain Celestial Group had a positive return on equity of 4.40% and a negative net margin of 11.37%. The business had revenue of $482.10 million during the quarter, compared to the consensus estimate of $492.07 million. During the same period in the previous year, the business earned $0.09 EPS. The business’s quarterly revenue was down 14.0% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in HAIN. Huntington National Bank boosted its position in Hain Celestial Group by 237.8% during the 2nd quarter. Huntington National Bank now owns 1,162 shares of the company’s stock valued at $25,000 after purchasing an additional 818 shares during the period. Carroll Financial Associates Inc. boosted its position in Hain Celestial Group by 77.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 2,098 shares of the company’s stock worth $45,000 after acquiring an additional 914 shares during the period. BSW Wealth Partners acquired a new position in Hain Celestial Group during the 2nd quarter worth $52,000. HM Payson & Co. acquired a new position in Hain Celestial Group during the 2nd quarter worth $64,000. Finally, Nisa Investment Advisors LLC acquired a new position in Hain Celestial Group during the 3rd quarter worth $64,000. Institutional investors and hedge funds own 97.62% of the company’s stock.

About Hain Celestial Group

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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