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

The Hain Celestial Group (NASDAQ:HAIN) issued its earnings results on Monday. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 4.3 %

Shares of The Hain Celestial Group stock opened at $4.69 on Monday. The Hain Celestial Group has a twelve month low of $4.47 and a twelve month high of $10.10. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The business’s 50 day simple moving average is $6.10 and its 200-day simple moving average is $7.29.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HAIN shares. JPMorgan Chase & Co. cut their price objective on 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. Piper Sandler decreased their price target on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays lowered their target price on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Stifel Nicolaus cut their target price on 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. Finally, DA Davidson cut their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.14.

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.