Honest (HNST) Set to Announce Earnings on Tuesday

Honest (NASDAQ:HNST) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Honest (NASDAQ:HNST) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $93.05 million for the quarter, compared to analyst estimates of $87.63 million. Honest had a negative net margin of 3.50% and a negative return on equity of 10.00%. During the same quarter last year, the firm earned ($0.14) earnings per share. On average, analysts expect Honest to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Honest Stock Performance

HNST stock traded up $0.14 during trading hours on Tuesday, hitting $3.98. The company’s stock had a trading volume of 621,046 shares, compared to its average volume of 1,210,347. The stock has a 50 day moving average price of $3.82 and a two-hundred day moving average price of $3.40. Honest has a 12 month low of $1.19 and a 12 month high of $4.89.

Insiders Place Their Bets

In other news, Director James D. White sold 70,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $3.98, for a total value of $278,600.00. Following the sale, the director now owns 309,244 shares in the company, valued at approximately $1,230,791.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of Honest stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $3.50, for a total transaction of $8,050,000.00. Following the sale, the insider now owns 9,869,803 shares of the company’s stock, valued at approximately $34,544,310.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James D. White sold 70,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $3.98, for a total value of $278,600.00. Following the completion of the transaction, the director now owns 309,244 shares of the company’s stock, valued at $1,230,791.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,531,187 shares of company stock valued at $9,018,480 in the last three months. Company insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HNST. Northland Capmk upgraded Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Northland Securities began coverage on Honest in a report on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 target price for the company. Finally, B. Riley began coverage on shares of Honest in a research report on Tuesday, September 10th. They issued a “buy” rating and a $6.50 price target on the stock. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.04.

About Honest

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.