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

The Hain Celestial Group (NASDAQ:HAIN) announced its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (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 during the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) earnings per share.

The Hain Celestial Group Stock Down 1.2 %

Shares of The Hain Celestial Group stock traded down $0.09 during trading hours on Friday, hitting $7.38. The company had a trading volume of 1,325,650 shares, compared to its average volume of 1,186,871. The company’s 50-day moving average is $8.42 and its two-hundred day moving average is $7.55. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $11.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01. The company has a market cap of $663.09 million, a P/E ratio of -8.89 and a beta of 0.74.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at The Hain Celestial Group

In other news, insider Chad D. Marquardt bought 5,300 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is currently owned by 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.