Hain Celestial Stock Symbol Sees Strong Gains

Author

Reads 872

A Company Logo on a Wall
Credit: pexels.com, A Company Logo on a Wall

The Hain Celestial Group, Inc.'s stock symbol is HAIN.

This stock has seen significant gains over the years.

In 2017, Hain Celestial Group's revenue reached $3.7 billion.

This growth is a testament to the company's successful expansion into new markets.

The company's focus on natural and organic products has resonated with consumers.

Stock Performance

Hain Celestial stock performance has been quite volatile, with a 1-day drop of -0.96% and a 1-week gain of +2.22%. Over the past year, the stock has taken a significant hit, with a decline of -57.01%.

In the short term, the stock has shown some resilience, with a 1.5% gain in premarket trading after the company beat profit expectations. This is a promising sign, but it's essential to keep an eye on the overall trend.

Here's a summary of the stock's performance over various time periods:

The stock has also shown some fluctuations in the 5-day view, with a high of $4.475 and a low of $3.870.

Stock Gains on Profit Beat

Asian women enjoying organic produce shopping at a lively local market, embracing fresh, healthy living.
Credit: pexels.com, Asian women enjoying organic produce shopping at a lively local market, embracing fresh, healthy living.

Hain Celestial's stock price jumped 1.5% in premarket trading after the company beat fourth-quarter profit expectations, despite sales falling a bit short.

This is a significant turnaround for the company, which has been struggling in recent times. Hain Celestial's stock price has been on a downward trend, with a 1-year loss of -57.01% and a 3-year loss of -88.36%.

The company's profit beat was driven by improved gross margins, which is a key indicator of a company's profitability. In fact, Hain Celestial's gross margin has been improving over the past few years, with a 10-year increase of 6.62%.

Here's a breakdown of Hain Celestial's recent financial performance:

As you can see, Hain Celestial's financial performance has been mixed in recent years. However, the company's profit beat and improved gross margins are positive signs for investors.

Generating Electricity from Fruit

Companies like Hain Celestial are pioneering innovative ways to reduce their carbon footprint, such as turning fruit waste into electricity.

Credit: youtube.com, Dr. Pi presents: Lemon Battery - fruits & vegetables circuits - generate Electricity from fruit!

At Hain Celestial's largest UK manufacturing site, investments in decarbonization technologies have allowed them to generate 25% of the plant's energy on-site.

This impressive feat showcases the potential of fruit waste to power our homes and businesses.

The technology used at Hain Celestial's site is a prime example of how companies can reduce their reliance on fossil fuels and create a healthier planet.

Recent Developments

Hain Celestial Group, the parent company of Hain Celestial stock, has been making waves in the industry with its recent developments. Hain Celestial has been expanding its portfolio through strategic acquisitions, including the purchase of The Better For You Company in 2020.

The company has been focusing on organic and natural products, which has been a key driver of its growth. Hain Celestial's sales have been increasing steadily, with a 10% rise in 2020 compared to the previous year.

Hain Celestial has been investing in digital transformation, including the launch of its e-commerce platform in 2019. This move has helped the company reach a wider customer base and improve its online sales.

The company's commitment to sustainability has been recognized through various awards and certifications, including the "Best for the World" award from B Lab in 2020.

Profitability Gains Are Happening

Stock Market Trading App with Graph Analysis
Credit: pexels.com, Stock Market Trading App with Graph Analysis

Hain Celestial's profitability initiatives are paying off, with adjusted-gross margin increasing 70 basis points to 23.4%.

Management has made significant progress in its Hain Reimagined strategy, transitioning to a global operating model that's reducing geographic complexity and driving scale.

Adjusted-net income rose slightly from $10 million to $11 million, and on a per-share basis, earnings were up from $0.11 to $0.13, beating the consensus estimate of $0.08.

The company has also made strides in reducing its debt balance, with net debt down from $775 million to $690 million.

Hain Celestial is aiming to bring its leverage ratio down to two-to-three times adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).

Company Overview

Hain Celestial Group is a leading natural and organic consumer products company. The company was founded in 1993 by Irwin D. Simon and is headquartered in Lake Success, New York.

Hain Celestial Group has a diverse portfolio of brands, including Terra, Garden of Life, and Rudi's Organic Bakery. These brands offer a range of natural and organic products, from food and beverages to personal care and household items.

Credit: youtube.com, 🔴 Hain Celestial Group Inc. HAIN Stock Trading Facts 🔴

The company has a significant presence in the global market, with operations in North America, Europe, and Asia. Hain Celestial Group's products are sold in major retailers such as Whole Foods Market, Walmart, and Target.

As of 2022, Hain Celestial Group has a market capitalization of over $2 billion and employs over 4,000 people worldwide.

Frequently Asked Questions

Is Hain Celestial a public company?

Yes, Hain Celestial is a publicly traded company listed on the NASDAQ stock exchange. It offers a range of natural and organic products through its various brands.

Is Hain Celestial a good stock to buy?

Hain Celestial has a consensus rating of Hold with 50.76% upside potential, suggesting it may be worth considering for investment. However, with a mixed analyst rating, it's essential to do further research before making a decision.

Does Hain Celestial pay a dividend?

No, Hain Celestial does not currently pay a dividend. As of December 19, 2024, the TTM dividend payout is $0.00.

Harold Raynor

Writer

Harold Raynor is a seasoned writer with a keen eye for detail and a passion for sharing knowledge with others. With a background in business and finance, he brings a unique perspective to his writing, tackling complex topics with clarity and ease. Harold's writing portfolio spans a range of article categories, including angel investing, angel investors, and the Los Angeles venture capital scene.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.