The Hain Celestial Group Inc. (HAIN) shares are trading at higher $37.61 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $37.25.
To add more color to this target, the company’s high over the last year is $36.90 and the low is $18.12. Over the last 52 weeks, HAIN is up 49.84% while the S&P 500 is up 16.29%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, HAIN reported a profit of $119.16 million. The Hain Celestial Group Inc. also saw revenues increase to $498.63 million. In addition, HAIN has free cash flow of $28.51 million as of 09-2020. The company’s EBITDA came in at $17.04 million which compares well with its peers.
HAIN booked profit margins of 1.30%, its Return on Equity (ROE) is 1.90%, and its Return on Assets is 1.20%. All told, it is clear that, HAIN needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HAIN has a short ratio of 10.87 and outstanding shares of 101.56M.
HAIN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.85 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.19. The Hain Celestial Group Inc. HAIN also noted assets of $2.2 billion at the end of the last quarter. Investors should also keep an eye on sector updates as HAIN has historically followed its peers on positive news.
All told, The Hain Celestial Group Inc. HAIN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HAIN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
The Hain Celestial Group Inc. HAIN is now commanding a market cap of 3.69B and a float of 99.76M. HAIN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HAIN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in HAIN, either long or short, and we have not been compensated for this article.