The Hain Celestial Group (NASDAQ:HAIN) Issues Earnings Results

The Hain Celestial Group (NASDAQ:HAIN) released its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06, Briefing.com reports. The Hain Celestial Group had a negative net margin of 8.88% and a positive return on equity of 2.48%. The business had revenue of $438.36 million for the quarter, compared to analysts’ expectations of $463.37 million. During the same period last year, the business earned $0.08 EPS. The company’s revenue was down 3.7% compared to the same quarter last year.

The Hain Celestial Group Stock Performance

NASDAQ HAIN traded up $0.26 during mid-day trading on Thursday, reaching $6.91. 988,057 shares of the stock were exchanged, compared to its average volume of 1,275,996. The business’s 50 day moving average is $7.45 and its 200-day moving average is $9.55. The Hain Celestial Group has a 1 year low of $5.68 and a 1 year high of $15.80. The company has a market capitalization of $620.74 million, a P/E ratio of -3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 2.24.

Insider Buying and Selling

In other news, CEO Wendy P. Davidson purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of $9.46 per share, with a total value of $47,300.00. Following the completion of the acquisition, the chief executive officer now owns 58,309 shares of the company’s stock, valued at approximately $551,603.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on HAIN. Piper Sandler lowered their price target on shares of The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday. DA Davidson initiated coverage on shares of The Hain Celestial Group in a report on Friday, March 1st. They issued a “neutral” rating and a $10.00 price target on the stock. Maxim Group dropped their target price on shares of The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday. Mizuho dropped their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.90.

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.