The Hain Celestial Group (NASDAQ:HAIN) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

The Hain Celestial Group (NASDAQ:HAIN) posted its quarterly earnings data on Tuesday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05, Briefing.com reports. The Hain Celestial Group had a positive return on equity of 2.91% and a negative net margin of 5.14%. The firm had revenue of $419.00 million during the quarter, compared to the consensus estimate of $417.99 million. During the same period in the prior year, the company earned $0.11 EPS. The firm’s revenue was down 6.4% compared to the same quarter last year.

The Hain Celestial Group Stock Up 18.6 %

Shares of NASDAQ:HAIN opened at $8.10 on Wednesday. The business has a 50-day moving average price of $7.09 and a 200 day moving average price of $7.49. The company has a current ratio of 2.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $727.74 million, a price-to-earnings ratio of -7.94 and a beta of 0.77. The Hain Celestial Group has a 12-month low of $5.68 and a 12-month high of $12.49.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Maxim Group reduced their price objective on The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. DA Davidson cut their target price on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, May 16th. Barclays cut their target price on The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Piper Sandler cut their target price on The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Finally, Mizuho cut their target price on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group has a consensus rating of “Hold” and an average target price of $10.78.

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.