Tags: Celestial Group | HAIN | food | manufacturing | stocks

Hain Celestial Aims for Wealth via Health

By    |   Tuesday, 12 Jul 2011 01:57 PM

As obesity weighs down the country, healthy eating is gaining traction. And health food makers and sellers are prospering. As a result, Hain Celestial Group (HAIN) is rolling in whole-grain dough. The health food company makes natural food and personal care products bearing well-know names such as Celestial Seasonings, Garden of Eatin’, and Arrowhead Mills.

Strong products are translating into surging revenues. Sales grew 29.8 percent to $288.4 million in Hain Celestial’s fiscal third quarter, compared to $222 million last year. Earnings surged 38.5 percent to 34 cents per share. Hain Celestial CEO Irwin Simon linked the solid results with an accelerating health food industry. Fifty new products further strengthened the company’s foothold.

Acquisitions are part of the growth plan. By leaning on its healthy balance sheet, Hain Celestial is continually building market share in the United States, Europe, and Canada.

Strategic growth helps

Given such rosy results, analysts covering Hain Celestial are upping their 2011 earnings estimates. Of the 13 analysts tracked by Thomson/First Call, six have strong buy recommendations and two have buys, with five holds.

Zacks Investment Research also has a buy rating on Hain Celestial, citing its strategic investments, efforts to contain costs, and increased productivity.

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As obesity weighs down the country, healthy eating is gaining traction. And health food makers and sellers are prospering. As a result, Hain Celestial Group (HAIN) is rolling in whole-grain dough. The health food company makes natural food and personal care products bearing...
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2011-57-12
Tuesday, 12 Jul 2011 01:57 PM
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