Hain Celestial Group Inc (NASDAQ: HAIN) has reported the adjusted earnings per share of 33 cents in the third quarter of FY 17, missing the analysts’ estimates for the adjusted earnings per share of 52 cents. Hence, the stock lost over 1.1% this morning (as of  10:14AM EDT on June 22nd, 2017; Source: Google finance)

The company had reported the adjusted revenue of $706.6 million in the third quarter of FY 17. In the first three-quarters, HAIN has reported net sales of $2.1 billion, relatively flat on a year-over-year basis and the operating cash flow of $148.0 million. Hain Celestial Group has authorized the repurchase of up to $250 million of the company’s issued and outstanding common stock.

For the fourth quarter of FY 17, Hain Celestial Group expects its earnings per-share to range from 40 cents to 43 cents. The company expects revenue to be in the range of $715 million to $735 million for the fiscal fourth quarter. The analysts are expecting revenue of $721.2 million. Hain Celestial expects full-year earnings in the range of $1.19 to $1.22 per share, with revenue ranging from $2.84 billion to $2.86 billion. For FY 18, HAIN expects the total net sales growth of 4% to 6% and adjusted EBITDA of $350 million to $375 million.

On the other hand, HAIN continues to execute on its strategic plan, that expands upon Project Terra announced in fiscal 2016, to drive long-term growth and profitability. These initiatives to accelerate net sales growth and margin expansion includes the investment in the top brands and capabilities to grow globally and expanding Project Terra cost-savings programs, which are expected to deliver $350 million in total cost savings through fiscal 2020 including annual productivity. Other initiatives includes building a global management team with deep sector and operating expertise-including key hires in marketing, sales, and operations-to drive innovation and distribution expansion, and pursuing a capital allocation strategy that includes a new $250 million share repurchase authorization.

Meanwhile, Hain Celestial has appointed James M. Langrock as Executive Vice President and Chief Financial Officer effective from June 23rd, 2017. HAIN has also appointed Andrew R. Heyer, a Director since 2012 and Chairperson of the Audit Committee, as Lead Independent Director.

Hain Celestial Group stock has fallen 36% in the last one year (source: Google Finance). According to tipranks.com, 5 analysts has covered the stock who recommend an average price target of $45.25, which is a strong upside.