The Hain Celestial Group (NASDAQ:HAIN) Releases Earnings Results, Misses Estimates By $0.04 EPS

The Hain Celestial Group (NASDAQ:HAIN) announced its quarterly earnings results 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 positive return on equity of 3.13% and a negative net margin of 4.94%.

The Hain Celestial Group Price Performance

Shares of HAIN stock opened at $4.69 on Monday. The stock has a 50 day moving average price of $6.10 and a 200 day moving average price of $7.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The Hain Celestial Group has a 52-week low of $4.47 and a 52-week high of $10.10.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HAIN shares. Stifel Nicolaus reduced their target price on shares of The Hain Celestial Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Piper Sandler reduced their price objective on The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their price objective on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. DA Davidson dropped their target price 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. Finally, Barclays decreased their price target on The Hain Celestial Group from $8.00 to $6.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.14.

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.