The Hain Celestial Group (NASDAQ:HAIN) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

The Hain Celestial Group (NASDAQ:HAIN) posted 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 business had revenue of $394.60 million during the quarter, compared to analyst estimates of $394.24 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) earnings per share.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $7.41 on Friday. The business’s 50-day moving average price is $8.41 and its 200 day moving average price is $7.57. The Hain Celestial Group has a twelve month low of $5.68 and a twelve month high of $11.97. The company has a market capitalization of $665.30 million, a PE ratio of -7.88 and a beta of 0.74. The company has a current ratio of 1.98, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78.

Insider Buying and Selling

In other The Hain Celestial Group news, insider Chad D. Marquardt bought 5,300 shares of The Hain Celestial Group stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost 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 $127,296. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HAIN shares. DA Davidson reaffirmed a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Piper Sandler reaffirmed a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays lifted their price objective 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, 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 research report on Wednesday, August 28th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price 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.