The Hain Celestial Group (NASDAQ:HAIN) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

The Hain Celestial Group (NASDAQ:HAIN) posted its quarterly earnings data 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 negative net margin of 4.32% and a positive return on equity of 3.10%. The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The business’s quarterly revenue was down 7.2% on a year-over-year basis.

The Hain Celestial Group Stock Performance

HAIN traded down $0.17 during trading on Friday, reaching $7.30. 932,565 shares of the company were exchanged, compared to its average volume of 1,185,248. The Hain Celestial Group has a 52 week low of $5.68 and a 52 week high of $11.97. The company has a current ratio of 1.98, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average of $8.42 and a 200 day moving average of $7.55. The stock has a market cap of $655.91 million, a P/E ratio of -8.89 and a beta of 0.74.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays upped their target price on The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Piper Sandler restated a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, Stifel Nicolaus lifted their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.57.

Insider Buying and Selling at The Hain Celestial Group

In other news, insider Chad D. Marquardt acquired 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $8.32 per share, with a total value of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares in the company, valued at approximately $127,296. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is currently owned by company insiders.

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.