Hain Celestial Group
The 10-second takeaway
For the quarter ended March 31 (Q3), Hain Celestial Group missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased significantly.
Margins grew across the board.
Hain Celestial Group logged revenue of $456.1 million. The eight analysts polled by S&P Capital IQ expected to see revenue of $480.3 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $379.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.72. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.72 per share. Non-GAAP EPS of $0.72 for Q3 were 33% higher than the prior-year quarter's $0.54 per share. GAAP EPS of $0.85 for Q3 were 63% higher than the prior-year quarter's $0.52 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.7%, 20 basis points better than the prior-year quarter. Operating margin was 11.6%, 80 basis points better than the prior-year quarter. Net margin was 8.9%, 250 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $446.3 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $1.74 billion. The average EPS estimate is $2.46.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 629 members out of 645 rating the stock outperform, and 16 members rating it underperform. Among 182 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 178 give Hain Celestial Group a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hain Celestial Group is outperform, with an average price target of $68.14.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Hain Celestial. The Motley Fool owns shares of Hain Celestial. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.