Q3 2024 EPS Estimates for The Hain Celestial Group, Inc. Reduced by Analyst (NASDAQ:HAIN)

The Hain Celestial Group, Inc. (NASDAQ:HAINFree Report) – Research analysts at William Blair dropped their Q3 2024 earnings per share (EPS) estimates for The Hain Celestial Group in a research report issued on Wednesday, February 7th. William Blair analyst J. Andersen now expects that the company will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.17. The consensus estimate for The Hain Celestial Group’s current full-year earnings is $0.33 per share. William Blair also issued estimates for The Hain Celestial Group’s Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.30 EPS and FY2025 earnings at $0.40 EPS.

The Hain Celestial Group (NASDAQ:HAINGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $454.10 million for the quarter, compared to analyst estimates of $461.31 million. The Hain Celestial Group had a positive return on equity of 2.48% and a negative net margin of 8.88%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of The Hain Celestial Group from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. Maxim Group cut their price objective on shares of The Hain Celestial Group from $25.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, StockNews.com upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, The Hain Celestial Group has an average rating of “Hold” and a consensus price target of $13.89.

View Our Latest Analysis on The Hain Celestial Group

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $9.90 on Monday. The company has a market capitalization of $889.32 million, a PE ratio of -5.59 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. The company has a 50-day simple moving average of $10.70 and a two-hundred day simple moving average of $10.85. The Hain Celestial Group has a one year low of $9.01 and a one year high of $19.16.

Institutional Investors Weigh In On The Hain Celestial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in The Hain Celestial Group by 2.0% during the third quarter. Vanguard Group Inc. now owns 11,015,166 shares of the company’s stock worth $114,227,000 after buying an additional 219,733 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of The Hain Celestial Group by 17.2% in the fourth quarter. Alliancebernstein L.P. now owns 7,152,677 shares of the company’s stock worth $115,730,000 after buying an additional 1,051,217 shares in the last quarter. PGGM Investments lifted its stake in shares of The Hain Celestial Group by 12.6% in the third quarter. PGGM Investments now owns 4,131,942 shares of the company’s stock worth $42,848,000 after buying an additional 462,919 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of The Hain Celestial Group by 11.9% in the third quarter. The Manufacturers Life Insurance Company now owns 3,752,498 shares of the company’s stock worth $38,913,000 after buying an additional 398,441 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of The Hain Celestial Group by 1.2% in the first quarter. State Street Corp now owns 3,399,117 shares of the company’s stock worth $58,295,000 after buying an additional 38,991 shares in the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.

The Hain Celestial Group Company Profile

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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.

Further Reading

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

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