Why Hain Celestial (HAIN) Stock Is Gaining Today

NEW YORK (TheStreet) -- Hain Celestial (HAIN) was gaining 8.7% to $94.51 Wednesday after beating analysts' estimates for earnings and revenue in the fiscal fourth quarter.

The food company reported earnings of 90 cents a share for the quarter, beating the Capital IQ Consensus Estimate of 89 cents a share by 1 cent. Revenue grew 26% from the year-ago quarter to $582.8 million. Analysts expected revenue of $577.73 million for the quarter.

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Looking to full year 2015 Hain Celestial expects earnings of $3.72 to $3.90 a share, compares to analysts' estimates of $3.73 a share. The company expects revenue of $2.725 billion to $2.8 billion for the coming fiscal year, above analysts' expectations of $2.51 billion.

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TheStreet Ratings team rates HAIN CELESTIAL GROUP INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate HAIN CELESTIAL GROUP INC (HAIN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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