The Hain Celestial Group (NASDAQ:HAIN) Announces Earnings Results, Misses Estimates By $0.02 EPS

The Hain Celestial Group (NASDAQ:HAIN) released its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), Briefing.com reports. The company had revenue of $394.60 million for the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.04) earnings per share.

The Hain Celestial Group Trading Down 2.3 %

Shares of NASDAQ:HAIN traded down $0.17 during mid-day trading on Friday, hitting $7.30. The stock had a trading volume of 932,565 shares, compared to its average volume of 1,185,248. The Hain Celestial Group has a 12-month low of $5.68 and a 12-month 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 company has a market cap of $655.91 million, a PE ratio of -8.89 and a beta of 0.74. The company’s 50 day moving average is $8.42 and its 200-day moving average is $7.55.

Analyst Ratings Changes

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

Insider Activity

In related news, insider Chad D. Marquardt acquired 5,300 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the purchase, the insider now owns 15,300 shares in the company, valued at $127,296. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is currently owned by corporate insiders.

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.