NEW YORK (TheStreet) -- Hain Celestial(HAIN) - Get Report shares are down by 4.24% to $65.48 in early market trading on Tuesday, following the release of the international organic and natural products distributor's 2015 fourth quarter earnings results.
The New Hyde Park, NY-based company reported fourth quarter earnings of $71.1 million, or 55 cents per share on an adjusted basis. Revenue for the period increased by 19.6% year over year to $698.1 million.
Analysts on average were expecting Hain Celestial to report earnings of 55 cents per share on revenue of $694.72 million.
For fiscal 2016, the company issued in-line earnings guidance between $2.11 and $2.26 per share versus analysts' $2.19 per share expectations.
Revenue for the year is expected to be between $2.97 billion and $3.11 billion versus the consensus estimate of $2.98 billion.
Separately, TheStreet Ratings team rates HAIN CELESTIAL GROUP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate HAIN CELESTIAL GROUP INC (HAIN) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity."