Q1 2024 EPS Estimates for The Hain Celestial Group, Inc. Cut by Zacks Research (NASDAQ:HAIN)

Posted by Defense World Staff on Sep 11th, 2023

The Hain Celestial Group, Inc. (NASDAQ:HAIN – Free Report) – Analysts at Zacks Research decreased their Q1 2024 earnings per share estimates for shares of The Hain Celestial Group in a research report issued on Thursday, September 7th. Zacks Research analyst S. Singh now forecasts that the company will earn ($0.06) per share for the quarter, down from their prior forecast of $0.11. The consensus estimate for The Hain Celestial Group’s current full-year earnings is $0.48 per share. Zacks Research also issued estimates for The Hain Celestial Group’s FY2024 earnings at $0.40 EPS, Q1 2025 earnings at $0.05 EPS and FY2025 earnings at $0.57 EPS.

A number of other research analysts have also commented on HAIN. Evercore ISI decreased their price objective on The Hain Celestial Group from $14.00 to $13.00 and set an “in-line” rating on the stock in a research report on Monday, August 28th. Stephens assumed coverage on The Hain Celestial Group in a research report on Thursday, June 22nd. They issued an “overweight” rating and a $17.00 price objective on the stock. Mizuho decreased their price objective on The Hain Celestial Group from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, August 25th. Piper Sandler reduced their price target on The Hain Celestial Group from $16.00 to $13.00 in a research report on Thursday, June 22nd. Finally, JPMorgan Chase & Co. reduced their price target on The Hain Celestial Group from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, August 28th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.50.

Read Our Latest Stock Analysis on The Hain Celestial Group

The Hain Celestial Group Stock Down 1.0 %

NASDAQ HAIN opened at $9.59 on Monday. The firm has a market cap of $858.02 million, a PE ratio of -7.38 and a beta of 0.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.56 and a quick ratio of 1.22. The stock’s 50 day simple moving average is $12.00 and its 200 day simple moving average is $14.20. The Hain Celestial Group has a one year low of $9.36 and a one year high of $22.14.

The Hain Celestial Group (NASDAQ:HAIN – Get Free Report) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $447.80 million for the quarter, compared to analyst estimates of $435.61 million. The Hain Celestial Group had a positive return on equity of 4.30% and a negative net margin of 6.49%. The Hain Celestial Group’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS.

Institutional Trading of The Hain Celestial Group

Hedge funds have recently added to or reduced their stakes in the business. Davis Investment Partners LLC acquired a new stake in The Hain Celestial Group during the 4th quarter worth $653,000. Swiss National Bank raised its stake in The Hain Celestial Group by 1.3% during the 4th quarter. Swiss National Bank now owns 215,614 shares of the company’s stock worth $3,489,000 after buying an additional 2,700 shares during the period. Compass Wealth Management LLC acquired a new stake in The Hain Celestial Group during the 4th quarter worth $1,906,000. Black Creek Investment Management Inc. raised its stake in The Hain Celestial Group by 4.6% during the 1st quarter. Black Creek Investment Management Inc. now owns 5,323,234 shares of the company’s stock worth $91,293,000 after buying an additional 232,596 shares during the period. Finally, PGGM Investments raised its stake in The Hain Celestial Group by 29.2% during the 4th quarter. PGGM Investments now owns 2,663,423 shares of the company’s stock worth $43,094,000 after buying an additional 601,950 shares during the period. Institutional investors and hedge funds own 89.11% of the company’s stock.

About The Hain Celestial Group

(Get Free Report)

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.