EPS rose by 8.8%

The Hain Celestial Group (HAIN) reported EPS (earnings per share) of $0.37 in 1Q16. It was in line with consensus estimates. The company’s EPS for the last two quarters was also in line with analysts’ estimates. The EPS rose by 8.8% compared to 1Q15. Analysts who follow the company are expecting its earnings to grow at an average annual rate of 12.7% over the next five years. This year, analysts are forecasting an earnings rise of 14.7% over last year. Analysts expect earnings growth next year of 10.8% over this year’s forecast earnings.

Hain Celestial Group’s Earnings in Line with Consensus Estimates

Fiscal 2016 guidance

Guidance excludes the impact of any future acquisitions.The company provided annual guidance for fiscal 2016:

  • a total net sales range of $2.97–$3.11 billion, a rise of ~10%–15% as compared to fiscal 2015
  • an earnings range of $2.11–$2.26 per diluted share, a rise of 12%–20% as compared to fiscal 2015

The management stated, “We remain optimistic about our growth opportunities in fiscal 2016 and beyond. We expect to build momentum throughout the year across our global footprint through the strength of our diversified product portfolio and customer base while investing in our brands and gaining distribution in the important health and wellness category.”

Hain Celestial’s competitors in the industry include B&G Foods (BGS), Flowers Foods (FLO), and Kraft Heinz (KHC). They reported EPS of $0.34, $0.24, and $0.17, respectively, in their last reported quarter. The Guggenheim S&P Midcap 400 Pure Growth ETF (RFG) invests 1.2% of its portfolio in HAIN.

Latest articles

19 Jul

Afya's IPO Sees Strong Listing Gains

WRITTEN BY Mohit Oberoi, CFA

Afya (AFYA) listed on the Nasdaq Global Select Market on July 19. The company priced its IPO at $19 per share.

19 Jul

What to Watch For in Amazon's Q2 Earnings

WRITTEN BY Sanmit Amin

e-Commerce giant Amazon (AMZN) is scheduled to report its second-quarter earnings results after the closing bell on July 25.

19 Jul

Barrick Gold Reaches Deal to Buy Acacia Mining

WRITTEN BY Anuradha Garg

After a long standoff, Barrick Gold (GOLD) and Acacia Mining (ABGLF) have reached an agreement.

19 Jul

Comcast Shares Pop on Goldman's Optimism

WRITTEN BY Ruchi Gupta

Comcast (CMCSA) shares popped after Goldman Sachs issued a positive note on the company recently. Goldman upgraded its rating for Comcast to "buy" from "hold."

19 Jul

Why Analysts Are Bearish on Netflix Stock

WRITTEN BY Aditya Raghunath

Netflix stock fell over 10.0% on Thursday and is down 0.5% today as well.

On Thursday, pet retailer Chewy (CHWY) reported its first-quarter results after the market closed. The company reported its earnings for the first time.