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

The Hain Celestial Group (NASDAQ:HAIN) posted its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), Briefing.com reports. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The company had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. During the same period last year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year.

The Hain Celestial Group Price Performance

NASDAQ:HAIN traded down $0.09 during trading hours on Friday, reaching $7.38. 1,326,763 shares of the company traded hands, compared to its average volume of 1,187,065. 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 stock has a market cap of $663.09 million, a P/E ratio of -8.89 and a beta of 0.74. The Hain Celestial Group has a 1-year low of $5.68 and a 1-year high of $11.97. The firm’s 50-day moving average is $8.42 and its 200-day moving average is $7.55.

Insider Activity at The Hain Celestial Group

In other news, insider Chad D. Marquardt acquired 5,300 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average price of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on HAIN. Stifel Nicolaus upped their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Barclays upped their price target 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. 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. Finally, DA Davidson reissued a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.