The Hain Celestial Group (NASDAQ:HAIN) Posts Earnings Results, Misses Estimates By $0.06 EPS

Key Points

• The Hain Celestial Group reported a loss of ($0.02) earnings per share, falling short of analysts' estimates by ($0.06).
• The company's revenue decreased by 13.4% year-over-year, compared to an earnings per share of $0.13 for the same period last year.
• Despite missing earnings estimates, HAIN stock saw a 1.4% increase, with a market capitalization of $194.04 million.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) posted its earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06), Briefing.com reports. The Hain Celestial Group had a positive return on equity of 2.47% and a negative net margin of 16.17%.The business's revenue was down 13.4% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS.

The Hain Celestial Group Stock Up 1.4%

HAIN stock opened at $2.15 on Monday. The Hain Celestial Group has a twelve month low of $1.30 and a twelve month high of $9.43. The company has a quick ratio of 0.99, a current ratio of 1.81 and a debt-to-equity ratio of 1.01. The stock's 50 day moving average is $1.74 and its 200-day moving average is $2.37. The firm has a market capitalization of $194.04 million, a PE ratio of -0.74 and a beta of 0.79.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in The Hain Celestial Group by 16.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company's stock worth $102,000 after acquiring an additional 9,350 shares during the period. American Century Companies Inc. lifted its holdings in The Hain Celestial Group by 8.9% during the second quarter. American Century Companies Inc. now owns 124,721 shares of the company's stock worth $190,000 after acquiring an additional 10,200 shares during the period. Thrivent Financial for Lutherans lifted its holdings in The Hain Celestial Group by 104.8% during the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company's stock worth $32,000 after acquiring an additional 11,000 shares during the period. Cetera Investment Advisers lifted its holdings in The Hain Celestial Group by 255.1% during the second quarter. Cetera Investment Advisers now owns 43,876 shares of the company's stock worth $67,000 after acquiring an additional 31,521 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in The Hain Celestial Group during the first quarter worth $162,000. Institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HAIN. Zacks Research raised The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Piper Sandler decreased their price objective on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. Finally, Mizuho decreased their price objective on The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a report on Monday, July 28th. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, The Hain Celestial Group has a consensus rating of "Hold" and an average price target of $3.59.

About The Hain Celestial Group

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.

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