Honest (HNST) to Release Earnings on Tuesday

Honest (NASDAQ:HNST) is scheduled to release its earnings data after the market closes on Tuesday, November 12th. Analysts expect Honest to post earnings of ($0.03) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $93.05 million for the quarter, compared to analyst estimates of $87.63 million. Honest had a negative net margin of 3.50% and a negative return on equity of 10.00%. During the same quarter in the previous year, the business posted ($0.14) earnings per share. On average, analysts expect Honest to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Honest Trading Up 4.0 %

Shares of HNST opened at $4.39 on Friday. Honest has a 1-year low of $1.21 and a 1-year high of $4.89. The stock has a market capitalization of $439.35 million, a P/E ratio of -33.77 and a beta of 1.85. The business’s 50-day moving average price is $3.81 and its 200 day moving average price is $3.43.

Wall Street Analyst Weigh In

HNST has been the topic of a number of research reports. Northland Securities initiated coverage on shares of Honest in a research note on Tuesday, August 6th. They issued an “outperform” rating and a $6.00 price target on the stock. B. Riley started coverage on Honest in a research note on Tuesday, September 10th. They set a “buy” rating and a $6.50 price target for the company. Finally, Northland Capmk raised shares of Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.04.

Insider Buying and Selling

In other news, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $3.50, for a total value of $8,050,000.00. Following the sale, the insider now owns 9,869,803 shares in the company, valued at approximately $34,544,310.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Honest news, Director James D. White sold 70,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $3.98, for a total value of $278,600.00. Following the transaction, the director now owns 309,244 shares of the company’s stock, valued at approximately $1,230,791.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $3.50, for a total transaction of $8,050,000.00. Following the transaction, the insider now owns 9,869,803 shares of the company’s stock, valued at approximately $34,544,310.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,531,187 shares of company stock valued at $9,018,480 over the last quarter. Corporate insiders own 8.60% of the company’s stock.

Honest Company Profile

The Honest Company, Inc manufactures and sells diapers and wipes, skin and personal care, and household and wellness products. The company also offers baby clothing and nursery bedding products. It sells its products through digital and retail sales channels, such as its website and third-party ecommerce sites, as well as brick and mortar retailers.