Brokerages expect Hain Celestial Group Inc (NASDAQ:HAIN) to announce $581.07 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Hain Celestial Group’s earnings, with estimates ranging from $562.00 million to $590.00 million. Hain Celestial Group reported sales of $619.60 million in the same quarter last year, which indicates a negative year over year growth rate of 6.2%. The business is scheduled to issue its next earnings results before the market opens on Thursday, August 29th.

On average, analysts expect that Hain Celestial Group will report full-year sales of $2.33 billion for the current fiscal year, with estimates ranging from $2.31 billion to $2.34 billion. For the next year, analysts expect that the business will post sales of $2.25 billion, with estimates ranging from $2.08 billion to $2.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hain Celestial Group.

A number of brokerages have weighed in on HAIN. Wolfe Research downgraded Hain Celestial Group from an “outperform” rating to a “peer perform” rating in a report on Friday, May 17th. UBS Group set a $15.00 price target on Hain Celestial Group and gave the stock a “sell” rating in a report on Monday, May 13th. Maxim Group reiterated a “buy” rating and set a $28.00 price target (up from $25.00) on shares of Hain Celestial Group in a report on Friday, May 10th. Buckingham Research set a $23.00 price target on Hain Celestial Group and gave the stock a “hold” rating in a report on Friday, May 10th. Finally, BidaskClub upgraded Hain Celestial Group from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $23.39.

A number of hedge funds and other institutional investors have recently made changes to their positions in HAIN. Nuveen Asset Management LLC bought a new position in Hain Celestial Group in the 2nd quarter valued at about $51,014,000. Wells Fargo & Company MN lifted its position in Hain Celestial Group by 48.4% in the 1st quarter. Wells Fargo & Company MN now owns 2,355,935 shares of the company’s stock valued at $54,469,000 after acquiring an additional 768,586 shares in the last quarter. Norges Bank bought a new position in Hain Celestial Group in the 4th quarter valued at about $12,082,000. Delek Group Ltd. lifted its position in Hain Celestial Group by 105.9% in the 1st quarter. Delek Group Ltd. now owns 671,133 shares of the company’s stock valued at $15,440,000 after acquiring an additional 345,200 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in Hain Celestial Group by 9.3% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 3,280,000 shares of the company’s stock valued at $75,834,000 after acquiring an additional 280,000 shares in the last quarter. 96.77% of the stock is currently owned by institutional investors and hedge funds.

Hain Celestial Group stock traded down $0.24 during trading hours on Friday, reaching $18.36. 2,233,617 shares of the company’s stock were exchanged, compared to its average volume of 1,567,576. The company has a quick ratio of 1.22, a current ratio of 2.16 and a debt-to-equity ratio of 0.47. The firm’s 50 day simple moving average is $21.37 and its 200 day simple moving average is $21.21. Hain Celestial Group has a twelve month low of $14.45 and a twelve month high of $29.42. The firm has a market capitalization of $1.91 billion, a PE ratio of 15.83, a PEG ratio of 13.30 and a beta of 1.37.

Hain Celestial Group Company Profile

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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