The analyst firm raised its 2015 EPS estimates for the wholesale food company to $1.91 a share from $1.90. BMO expects Hain Celestial to report earnings of $2.19 a share for 2016, up from its previous estimates of $2.16.
"HAIN's ongoing earnings growth momentum will not only continue but likely will strengthen through F2015, positioning the company to generate mid- to high-teens organic earnings growth over the next several years," BMO analyst Amit Sharma wrote. Sharma highlighted Hain Celestial's solid organic growth and improving U.K. business as reasons for the price target and EPS estimate increases.
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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 multiple 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 these strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: HAIN Ratings Report