The Hain Celestial Group (NASDAQ:HAIN) Issues Quarterly Earnings Results

The Hain Celestial Group (NASDAQ:HAIN) announced its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02), Briefing.com reports. The firm had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The business’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) earnings per share.

The Hain Celestial Group Trading Down 0.8 %

Shares of HAIN opened at $7.41 on Friday. The company has a market capitalization of $665.30 million, a P/E ratio of -7.88 and a beta of 0.74. The Hain Celestial Group has a one year low of $5.68 and a one year high of $11.97. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.98. The stock has a 50-day moving average price of $8.41 and a 200 day moving average price of $7.57.

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, insider Chad D. Marquardt purchased 5,300 shares of The Hain Celestial Group stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on HAIN. DA Davidson reiterated a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Barclays increased their target price on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. Finally, Stifel Nicolaus increased their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, The Hain Celestial Group has an average rating of “Hold” and a consensus price target of $9.57.

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.