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Fly News Breaks for February 5, 2019
HAIN
Feb 5, 2019 | 07:46 EDT
JPMorgan analyst Ken Goldman his estimates for Hain Celestial "well below the Street" to account for "poor" Nielsen trends and the potential for an earnings rebase by new CEO Mark Schiller. He models for Q2 earnings per share of 23c, below the consensus of 26c, and fiscal 2019 earnings per share of 93c, below the Street at $1.17. Goldman also dropped his price target for Hain shares to $17 from $19 and keeps a Neutral rating on the name ahead of the company's Q2 results this Thursday.
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