The Hain Celestial Group (NASDAQ:HAIN) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

The Hain Celestial Group (NASDAQ:HAIN) announced its quarterly earnings results on Monday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04), Zacks reports. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%.

The Hain Celestial Group Stock Down 10.7 %

HAIN stock opened at $4.19 on Tuesday. The company’s 50 day moving average price is $6.01 and its 200 day moving average price is $7.27. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The Hain Celestial Group has a fifty-two week low of $3.28 and a fifty-two week high of $10.07.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. DA Davidson decreased their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Stifel Nicolaus decreased their target price on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Barclays decreased their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Piper Sandler decreased their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $8.14.

About The Hain Celestial Group

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.