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.
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.