William Blair Equities Analysts Lower Earnings Estimates for Hain Celestial Group Inc (HAIN)

Hain Celestial Group Inc (NASDAQ:HAIN) – Analysts at William Blair cut their Q4 2019 earnings per share (EPS) estimates for Hain Celestial Group in a research note issued on Thursday, May 9th. William Blair analyst J. Andersen now forecasts that the company will earn $0.18 per share for the quarter, down from their previous forecast of $0.20.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. The firm had revenue of $599.80 million during the quarter, compared to analysts’ expectations of $597.75 million. Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. Hain Celestial Group’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS.

A number of other analysts have also recently weighed in on the stock. UBS Group set a $15.00 price target on shares of Hain Celestial Group and gave the stock a “sell” rating in a research note on Monday. Buckingham Research set a $23.00 price target on shares of Hain Celestial Group and gave the stock a “hold” rating in a research note on Friday, May 10th. SunTrust Banks increased their price target on shares of Hain Celestial Group to $20.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. Maxim Group reiterated a “buy” rating and set a $28.00 price target (up previously from $25.00) on shares of Hain Celestial Group in a research note on Friday, May 10th. Finally, BidaskClub upgraded shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $24.54.

Shares of NASDAQ:HAIN opened at $23.90 on Monday. The firm has a market cap of $2.49 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 5.83 and a beta of 1.42. The company has a quick ratio of 1.25, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. Hain Celestial Group has a 1-year low of $14.45 and a 1-year high of $31.53.

Institutional investors have recently made changes to their positions in the business. Carroll Financial Associates Inc. raised its position in Hain Celestial Group by 640.0% during the 1st quarter. Carroll Financial Associates Inc. now owns 1,184 shares of the company’s stock worth $27,000 after buying an additional 1,024 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Hain Celestial Group in the 4th quarter valued at about $26,000. Parallel Advisors LLC increased its holdings in shares of Hain Celestial Group by 1,005.0% in the 4th quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock valued at $31,000 after purchasing an additional 1,819 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Hain Celestial Group in the 4th quarter valued at about $44,000. Finally, Truvestments Capital LLC purchased a new position in shares of Hain Celestial Group in the 1st quarter valued at about $74,000. Institutional investors own 96.58% of the company’s stock.

In other news, Director Glenn W. Welling acquired 1,003,918 shares of the business’s stock in a transaction on Friday, March 1st. The stock was bought at an average price of $19.30 per share, for a total transaction of $19,375,617.40. Following the transaction, the director now owns 21,577 shares in the company, valued at $416,436.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Engaged Capital Co-Invest Vi-D acquired 1,800,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were purchased at an average price of $21.30 per share, with a total value of $38,340,000.00. Following the transaction, the insider now owns 21,577 shares in the company, valued at approximately $459,590.10. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 4,978,829 shares of company stock valued at $101,772,309. 13.50% of the stock is owned by insiders.

About Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

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Earnings History and Estimates for Hain Celestial Group (NASDAQ:HAIN)

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