New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 5, 2014
12:26 EDTKRFT, WFM, HAINHain Celestial tumbles despite record quarterly results, increased guidance
Shares of Hain Celestial (HAIN), which manufactures, markets, distributes and sells natural and organic products, are falling despite the company reporting record second quarter results and raising its fiscal 2014 outlook. WHAT'S NEW: Last night, Hain Celestial reported second quarter adjusted earnings per share of 87c and revenue of $535M, both records for the company. Consensus expectations were for EPS of 87c and revenue of $537.75M, respectively. The company raised its FY14 EPS forecast to $3.07-$3.15 from $2.95-$3.05, and boosted its FY14 revenue view to $2.115B-$2.145B from $2.025B-$2.05B. FY14 consensus estimates were $3.11 and $2.14B, respectively. Hain did note that its gross margin was impacted by higher commodity costs, product mix, and a shift in trade spending to point of sale activities. ANALYST REACTION: This morning, analyst commentary was positive. Research firm Jefferies said any pullback in Hain Celestialís shares represented an entry point. The firm noted management stated that Q3 was off to a strong start. Jefferies lowered its price target for shares to $97 from $99 and kept a Buy rating on Hain. Another firm, BMO Capital, said concerns about Hain may create a buying opportunity. BMO Capital believed that concerns about a deceleration in the company's U.S. growth were misplaced. The firm argued that the company is poised to exceed sales/earnings expectations in the near term, and it kept an Outperform rating on the stock. PRICE ACTION: In early afternoon trading, Hain Celestial fell $6.84 or 7.5% to $84.15 on nearly five times its average daily trading volume. Over the past twelve months, the stock is up over 40%. OTHERS TO WATCH: Hainís competitors include Whole Foods (WFM) and Kraft Foods (KRFT).
News For HAIN;WFM;KRFT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 18, 2015
09:54 EDTWFMWhole Foods says 'bullish' on opportunities to build stores
Subscribe for More Information
09:06 EDTHAINHain Celestial weakness looks overdone, says Bernstein
Bernstein notes that Hain Celestial (HAIN) is now trading at a lower valuation than a number of "ostensibly more challenged food companies like" Kellogg (K) and General Mills (GIS). The firm expects the company to benefit over the longer term from current food trends. It trimmed its price target on the name to $50 from $60 and keeps an Outperform rating.
November 11, 2015
10:17 EDTWFMOptions with decreasing implied volatility
Subscribe for More Information
09:20 EDTHAINHain Celestial weakness creates buying opportunity, says Argus
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use