NEW YORK (TheStreet) -- Shares of Hain Celestial Group (HAIN) - Get Report are decreasing by 0.22% to $36.93 in after-hours trading on Monday, after the company reported its 2016 second quarter earnings results.
After the market close today, the natural and organic food company reported earnings of 55 cents per diluted share, beating analysts' expectations by one cent.
Revenue for the quarter was $752.59 million, higher than analysts' estimates of $751.61 million.
"Our strong sales growth was impacted in the quarter primarily by reductions in inventories at certain customers in the United States segment," CEO Irwin D. Simon said in a statement on Monday.
Additionally, Hain reiterated its 2016 guidance expectations of earnings per diluted share in the range of $1.95 to $2.10 on revenue between $2.9 billion to $3.04 billion.
"The company expects net sales to be slightly lower in the third quarter as compared to the fourth quarter, while 42% to 46% of the company's second half earnings will be in the third quarter and the balance in the fourth quarter," Hain added.
Based in Lake Success, NY, Hain manufactures, markets, distributes and sells organic and natural products under brand names.
Separately, TheStreet Ratings Team has a "hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth.
As a counter to these strengths, the team also finds weaknesses including a generally disappointing performance in the stock itself and poor profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: HAIN