On June 26, 2023, it was reported that Welch & Forbes LLC had lowered its position in The Hain Celestial Group (NASDAQ:HAIN) by almost 10% during the first quarter of the year. The Hain Celestial Group last posted its earnings results on May 9th, where they reported earnings per share (EPS) of $0.08 for the quarter. Although The Hain Celestial Group had a positive return on equity of 4%, they also incurred a negative net margin of 5.25%. Despite these recent developments, sell-side analysts remain optimistic about The Hain Celestial Group’s performance for the current year – with an expected EPS being $0.49. Despite these investments, The Hain Celestial Group’s stock opened at $12.58 on Monday – a far cry from its 1-year high of $25.48 per share.

Source: Forbes June 27, 2023 22:12 UTC