The Hain Celestial Group (NASDAQ:HAIN) Issues Quarterly Earnings Results

The Hain Celestial Group (NASDAQ:HAIN) announced its quarterly earnings data on Monday. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04), Zacks reports. The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $4.41 on Wednesday. The Hain Celestial Group has a twelve month low of $3.28 and a twelve month high of $10.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01. The stock’s fifty day simple moving average is $5.93 and its 200 day simple moving average is $7.24.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HAIN. Piper Sandler dropped their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. DA Davidson lowered their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Mizuho lowered their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a report on Tuesday. Maxim Group lowered their price target on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus lowered their price target on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, The Hain Celestial Group presently has a consensus rating of “Hold” and an average target price of $6.64.

The Hain Celestial Group Company Profile

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.