OrganiGram (CVE:OGI) is scheduled to be posting its quarterly earnings results before the market opens on Monday, July 15th. Analysts expect OrganiGram to post earnings of C$0.03 per share for the quarter.
OrganiGram (CVE:OGI) last released its earnings results on Monday, April 15th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.09). The firm had revenue of C$26.93 million during the quarter, compared to analysts’ expectations of C$26.27 million.
CVE:OGI opened at C$7.60 on Friday. The company has a current ratio of 3.13, a quick ratio of 1.38 and a debt-to-equity ratio of 22.49. OrganiGram has a fifty-two week low of C$4.11 and a fifty-two week high of C$11.30. The company has a market cap of $1.15 billion and a P/E ratio of 24.13. The firm’s fifty day moving average is C$9.03.
OGI has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their price target on Monster Beverage from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. AltaCorp Capital reissued an “outperform” rating on shares of OrganiGram in a report on Sunday, June 2nd. Cormark boosted their price target on OrganiGram from C$8.50 to C$10.50 and gave the stock a “speculative buy” rating in a report on Wednesday, April 17th. Finally, Canaccord Genuity lowered their price target on Yamana Gold from C$5.50 to C$4.25 in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of C$10.70.
OrganiGram Holdings Inc, through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders.
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