Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) announced its earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05), Zacks reports. Green Thumb Industries had a return on equity of 6.03% and a net margin of 10.48%. The business had revenue of $324.41 million during the quarter, compared to the consensus estimate of $307.85 million.
Green Thumb Industries Trading Down 1.2%
Shares of GTBIF traded down $0.08 during midday trading on Thursday, reaching $6.48. The stock had a trading volume of 114,133 shares, compared to its average volume of 539,327. The company’s 50-day moving average is $7.00 and its 200 day moving average is $7.14. Green Thumb Industries has a 12-month low of $5.29 and a 12-month high of $10.43. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 12.00 and a beta of 1.29.
Analyst Ratings Changes
GTBIF has been the subject of a number of research analyst reports. Roth Capital set a $18.00 price target on Green Thumb Industries in a research report on Wednesday, August 5th. Seaport Research Partners reaffirmed a “buy” rating and issued a $18.00 target price on shares of Green Thumb Industries in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.
View Our Latest Stock Analysis on Green Thumb Industries
About Green Thumb Industries
Green Thumb Industries Inc is a consumer packaged goods and retail cannabis company headquartered in Chicago, Illinois. Founded in 2014, the company develops, manufactures and distributes cannabis products for medical and adult-use markets, subject to applicable state regulations.
Its portfolio includes branded flower, pre-rolls, vape products, concentrates, edibles and other cannabis products sold under brands such as Good Green, &Shine, RYTHM, incredibles and Beboe. Green Thumb also operates retail cannabis dispensaries under the RISE brand, offering cannabis products and related accessories through its store network.
Green Thumb serves customers in multiple U.S.
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