Hain Celestial Up 10% On Strong Q4 Performance, F15 Outlook

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Hain Celestial Group, Inc.
HAIN
shares gained more than 10 percent Wednesday after the natural food company forecast fiscal 2015 growth higher than Street views. Haines, with a reported 4.7 percent market share of the fragmented organic foods business, also posted fiscal fourth-quarter profit and sales that beat the Wall Street consensus. The company forecast 2015 earnings of $3.72 to $3.90 a share, up by 17 percent to 23 percent from a year earlier. Net sales will grow 27 percent to 30 percent to between $2.7 billion and $2.8 billion. Investors expected $3.73 per share on revenues of $2.51 billion. Hains' recent fourth-quarter sales grew 26 percent to $584 million, from $463.5 million a year earlier, while adjusted earnings were up 39 percent to $0.90 cents a share, from $0.65 a share a year earlier. Analysts expected adjusted profit of $0.89 a share on sales of $578.3 million. Hains traded recently at $95.96 a share, up $9.03.
Posted In: NewsGuidanceHotIntraday Update
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