Green Thumb Industries Inc. (OTCMKTS:GTBIF – Free Report) – Analysts at Cormark raised their fiscal year 2024 earnings per share (EPS) estimates for Green Thumb Industries in a research report issued to clients and investors on Wednesday, August 7. Cormark analyst J. Pytlak now forecasts the company will report earnings per share of $0.38 for the year, up from their previous forecast of $0.34. The consensus estimate for Green Thumb Industries’ current full year earnings is $0.32 per share. Cormark also issued estimates for Green Thumb Industries’ fiscal year 2025 earnings of $0.44 EPS and fiscal year 2025 earnings of $0.44 EPS.
Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last released its quarterly earnings results on Monday, August 5. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. The company had revenue of $280.15 million for the quarter, compared to the consensus estimate of $277.01 million.
Several other equities analysts have also recently commented on the company. Wedbush increased their price target on Green Thumb Industries from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, May 10. Ventum Cap Mkts upgraded Green Thumb Industries to a “strong-buy” rating in a report on Tuesday. Finally, Needham & Company LLC increased their price target on Green Thumb Industries from $15.50 to $17.00 and gave the stock a “buy” rating in a report on Thursday, May 9.
Get our latest analysis on GTBIF
Green Thumb Industries share price
GTBIF shares traded $0.51 lower during midday trading on Friday, reaching $11.25. 268,427 shares of the company traded hands, compared to an average volume of 507,324. The company’s 50-day moving average price is $11.62 and its 200-day moving average price is $12.53. The stock has a market cap of $2.39 billion, a P/E ratio of 46.88 and a beta of 1.41. Green Thumb Industries has a 12-month low of $6.42 and a 12-month high of $16.33.
Company profile of Green Thumb Industries
(Get free report)
Green Thumb Industries Inc. produces, distributes, markets and sells cannabis products for medical and recreational use in the United States. The Company operates in two segments: Retail and Consumer Products. The Company offers cannabis flower, processed and packaged products including pre-rolled joints, concentrates, vapes, capsules, tinctures, edibles, topicals and other cannabis products under the brands &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, Incredibles and RHYTHM.
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