OrganiGram (OGI) Set to Announce Earnings on Monday

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.

About OrganiGram

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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Earnings History for OrganiGram (CVE:OGI)

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