Honest (HNST) Scheduled to Post Earnings on Thursday

Honest (NASDAQ:HNST) will be announcing its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Honest (NASDAQ:HNST) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.07. The firm had revenue of $86.22 million during the quarter, compared to analysts’ expectations of $83.79 million. Honest had a negative net margin of 6.27% and a negative return on equity of 17.44%. On average, analysts expect Honest to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Honest Trading Up 4.4 %

HNST opened at $3.32 on Wednesday. The stock has a market capitalization of $327.48 million, a PE ratio of -14.43 and a beta of 1.86. Honest has a 1-year low of $1.06 and a 1-year high of $4.89. The firm has a 50-day moving average price of $3.04 and a two-hundred day moving average price of $3.24.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HNST shares. Northland Securities started coverage on shares of Honest in a research report on Tuesday. They issued an “outperform” rating and a $6.00 price objective for the company. Loop Capital upgraded shares of Honest from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Tuesday, June 25th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $4.00 price target on shares of Honest in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Honest has an average rating of “Moderate Buy” and a consensus price target of $4.79.

Insider Transactions at Honest

In related news, CEO Carla Vernon sold 43,317 shares of Honest stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $2.77, for a total transaction of $119,988.09. Following the transaction, the chief executive officer now owns 2,881,070 shares of the company’s stock, valued at approximately $7,980,563.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Honest news, SVP Thomas Sternweis sold 10,047 shares of Honest stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $2.77, for a total value of $27,830.19. Following the transaction, the senior vice president now owns 237,211 shares of the company’s stock, valued at $657,074.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Carla Vernon sold 43,317 shares of Honest stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $2.77, for a total transaction of $119,988.09. Following the completion of the transaction, the chief executive officer now directly owns 2,881,070 shares in the company, valued at approximately $7,980,563.90. The disclosure for this sale can be found here. Insiders sold a total of 137,160 shares of company stock worth $379,933 in the last quarter. 8.60% of the stock is owned by company 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.