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

Key Points

• Hain Celestial missed earnings expectations: The company reported a quarterly loss of $0.05 per share, versus analysts’ expected loss of $0.03. Revenue reached $263.07 million, slightly exceeding the $261.24 million consensus estimate.
• The stock remains under significant pressure: Shares opened at $0.62, near their 52-week low of $0.48, with a market capitalization of approximately $55.9 million. The company reported a negative net margin of 35.47% and negative return on equity of 3.52%.
• Analyst sentiment is bearish to neutral: Jefferies lowered its price target to $0.81 and maintained a hold rating, while the overall analyst consensus is “Reduce” with a $1.06 target price. Institutional investors own approximately 97% of the stock.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) posted its earnings results on Monday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02), FiscalAI reports. The company had revenue of $263.07 million during the quarter, compared to the consensus estimate of $261.24 million. The Hain Celestial Group had a negative net margin of 35.47% and a negative return on equity of 3.52%.

The Hain Celestial Group Price Performance

Shares of HAIN stock opened at $0.62 on Monday. The stock has a 50-day simple moving average of $0.61 and a 200 day simple moving average of $0.68. The stock has a market capitalization of $55.90 million, a P/E ratio of -0.11 and a beta of 0.80. The Hain Celestial Group has a fifty-two week low of $0.48 and a fifty-two week high of $2.17.

Institutional Investors Weigh In On The Hain Celestial Group

Several hedge funds have recently modified their holdings of the stock. Coldstream Capital Management Inc. purchased a new position in The Hain Celestial Group during the 3rd quarter worth approximately $29,000. Thrivent Financial for Lutherans boosted its position in shares of The Hain Celestial Group by 104.8% in the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company's stock worth $32,000 after buying an additional 11,000 shares during the period. Voleon Capital Management LP acquired a new stake in shares of The Hain Celestial Group in the third quarter worth $43,000. Mariner LLC grew its holdings in shares of The Hain Celestial Group by 98.0% during the fourth quarter. Mariner LLC now owns 30,098 shares of the company's stock valued at $32,000 after buying an additional 14,895 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in The Hain Celestial Group during the fourth quarter valued at $36,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group dropped their price target on shares of The Hain Celestial Group from $1.03 to $0.81 and set a "hold" rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings downgraded The Hain Celestial Group from a "sell (e+)" rating to a "sell (e)" rating in a research note on Friday, August 28th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $1.06.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc NASDAQ: HAIN is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth's Best organic baby foods, Rudi's organic bakery items, Terra vegetable chips and Sensible Portions snacks.

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