Hain delays results, expects to fall short of forecast

(NASDAQ:HAIN) ratio came in at 27.70. The company will report its next earnings on Aug 16 – Aug 22 (Est.). The meanprice estimate was lastly updated on 2016-06-28.

The organic foods company lost a quarter of its market value on Tuesday morning after an accounting probe led it to delay the release of financial results. At present, 5 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data.

Bragar Eagel & Squire, P.C.is Investigating the Officers and Directors of Hain Celestial Group, Inc. Armistice Capital LLC bought a new position in shares of The Hain Celestial Group during the fourth quarter valued at about $9,047,000. The company, which in February abandoned a policy to keep payouts stable or rising year after year, cut its final dividend by to 14 US cents a share.

The most bullish price estimate of the stock is set at $3.5 while the bearish estimate is kept at $3.5 over the next one year.

The 52 week high of shares in Hain Celestial Group is 66.78 while the 52 week low for the company’s shares is 33.12.

Hain Celestial Group Inc (NASDAQ:HAIN) stock dropped -26.55% in today’s pre market session with the price of $39.20.

Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) traded 11.83 Million shares and its share price decreased -55.75% to close at $1.81.

Sandhill Capital Partners Llc holds 4.14% of its portfolio in Hain Celestial Group Inc for 307,892 shares.

On this news, Hain stock has fallen as much as $15.90, or almost 29%, to $39.45 during after-hours trading on August 15, 2016.

The Hain Celestial Group, Inc. closed its last trading session at $55.35 with the loss of -3.52%. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 1.95% where SMA50 and SMA200 are 4.89% and 22.45% respectively. Earlier, it had raised its earnings per share (EPS) expectation range from $1.95-2.20 to $2.00-2.04, and narrowed its revenue outlook from a range of $2.90-3.04 billion to $2.95-2.97 billion. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. It maintained return on assets (ROA) for the last twelve months at 48.31%. Hain also reported that it does not expect to achieve its before reported guidance for fiscal year 2016.

HAIN stock is up over 32% year-to-date, and is a #4 (Sell) on the Zacks Rank. 1 Month Ago, shares have been suggested as “BUY” from “0” brokerage firms and recommended as “Strong Buy” by “10” brokerage firms.