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What: Shares of Hain Celestial (NASDAQ: HAIN ) are trading more than 10% higher today after the organic-food specialist reported fiscal fourth-quarter earnings ahead of Wall Street's expectations.
So what: Hain's fourth-quarter revenue of $583.8 million -- representing growth of 26% year over year -- beat the consensus estimate of $577.7 million, and its adjusted earnings of $0.90 per share narrowly edged Wall Street's expectations of $0.89 in earnings. Hain also provided guidance for its 2015 fiscal year, and both ranges were well ahead of what analysts had modeled. Hain's fiscal 2015 revenue guidance range of $2.7 billion to $2.8 billion trounced the $2.5 billion consensus, and its EPS range of $3.72 to $3.90 also handily exceeds Wall Street's $3.73 EPS consensus. Hain's United Kingdom segment reported gangbusters growth: Its $200.5 million in quarterly sales and $637.5 million in annual sales represented growth of 66% and 52%, respectively.
Now what: The midpoint of Hain's new EPS guidance range gives it a forward P/E ratio of about 25.2, which is a level the stock has only seen for a very brief stretch of the past five years. Its guidance ranges also imply year-over-year growth rates of 29% for the top line and 20% for the bottom line, which is strong progress for a company already reporting billions in annual sales and comparable to this year's growth rates of 24% on the top line and 25% on the bottom line.
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