Honest (HNST) Scheduled to Post Earnings on Wednesday

Honest (NASDAQ:HNST) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Honest (NASDAQ:HNST) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.09. Honest had a negative net margin of 11.39% and a negative return on equity of 30.36%. The firm had revenue of $90.26 million during the quarter, compared to analysts’ expectations of $83.54 million. On average, analysts expect Honest to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Honest Stock Down 5.3 %

NASDAQ:HNST opened at $2.85 on Monday. The company has a 50 day simple moving average of $3.60 and a two-hundred day simple moving average of $2.86. Honest has a 12 month low of $1.06 and a 12 month high of $4.89.

Analyst Ratings Changes

Several equities research analysts have recently commented on HNST shares. Morgan Stanley upped their price target on shares of Honest from $1.85 to $4.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Lake Street Capital assumed coverage on Honest in a research note on Thursday, April 4th. They set a “buy” rating and a $6.00 price objective for the company. Loop Capital decreased their price objective on shares of Honest from $5.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. Telsey Advisory Group reissued a “market perform” rating and set a $4.00 price target on shares of Honest in a report on Wednesday, April 10th. Finally, Alliance Global Partners initiated coverage on Honest in a research report on Tuesday, February 6th. They issued a “buy” rating and a $5.75 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.55.

Insider Transactions at Honest

In related news, insider Jessica Warren sold 253,815 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $2.99, for a total transaction of $758,906.85. Following the completion of the transaction, the insider now owns 1,109,489 shares of the company’s stock, valued at approximately $3,317,372.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Stephen Winchell sold 19,665 shares of Honest stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $3.24, for a total transaction of $63,714.60. Following the sale, the executive vice president now owns 428,957 shares in the company, valued at $1,389,820.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jessica Warren sold 253,815 shares of Honest stock in a transaction on Friday, April 19th. The shares were sold at an average price of $2.99, for a total transaction of $758,906.85. Following the completion of the transaction, the insider now owns 1,109,489 shares in the company, valued at $3,317,372.11. The disclosure for this sale can be found here. Insiders sold 803,229 shares of company stock valued at $2,684,496 over the last 90 days. 8.60% of the stock is currently owned by corporate insiders.

Honest Company Profile

The Honest Company, Inc manufactures and sells diapers and wipes, skin and personal care, and household and wellness products. The company also offers baby clothing and nursery bedding products. It sells its products through digital and retail sales channels, such as its website and third-party ecommerce sites, as well as brick and mortar retailers.