News headlines about The Hain Celestial Group (NASDAQ:HAIN) have been trending positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Hain Celestial Group earned a media sentiment score of 0.49 on Accern’s scale. Accern also gave news coverage about the company an impact score of 88 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Is Now the Time to Buy Hain Celestial Group Inc (HAIN)? – Evergreen Caller (evergreencaller.com)
- The Greek Gods® Seriously Indulgent Yogurt – PR Newswire (press release) (prnewswire.com)
- Head-To-Head Survey: Lancaster Colony Corporation (LANC) & The Hain Celestial Group (NASDAQ:HAIN) (americanbankingnews.com)
- Hain Celestial : The Greek Gods® Seriously Indulgent Yogurt (4-traders.com)
The Hain Celestial Group (NASDAQ HAIN) opened at 39.90 on Tuesday. The firm’s 50-day moving average is $35.37 and its 200 day moving average is $37.11. The Hain Celestial Group has a 12 month low of $31.01 and a 12 month high of $56.99. The stock’s market capitalization is $4.14 billion.
The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.19. The business had revenue of $706.56 million during the quarter, compared to analyst estimates of $721 million. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. On average, equities analysts anticipate that The Hain Celestial Group will post $1.20 earnings per share for the current year.
The Hain Celestial Group announced that its Board of Directors has approved a share buyback program on Thursday, June 22nd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
A number of brokerages have weighed in on HAIN. Vetr upgraded shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $38.90 price objective for the company in a research report on Tuesday, April 18th. Zacks Investment Research upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of The Hain Celestial Group in a research note on Friday, May 12th. Susquehanna Bancshares Inc set a $44.00 price objective on shares of The Hain Celestial Group and gave the company a “buy” rating in a research note on Friday, May 19th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of The Hain Celestial Group in a research note on Wednesday, May 17th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $41.11.
About The Hain Celestial Group
The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.
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