Hain Celestial Soars on Q3 Results
Hain Celestial (NASDAQ: HAIN) released its fiscal Q3 results after the closing bell on Thursday. The company reported EPS of $0.54 compared to consensus estimates of $0.50. In the year ago quarter, the company reported EPS of $0.36. Revenues in the quarter were up 31.6% year over year.
In the wake of the report, analysts at RBC Capital raised their price target on the stock from $44 to $52 and reiterated their Outperform rating on shares. During Friday's trading session, HAIN shares have surged 7.97% to $51.08. Earlier in the session, HAIN put in a new 52-week high of $51.77. Volume in the stock is running at 324% above the daily average.
The Hain Celestial Group, Inc. manufactures, markets, distributes and sells natural and organic products under brand names which are sold as better-for-you products.
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