Q3 EPS Estimates for Canopy Growth Lifted by Roth Capital

Canopy Growth Corporation (NASDAQ:CGC) – Investment analysts at Roth Capital raised their Q3 2026 EPS estimates for Canopy Growth in a research note issued to investors on Sunday, November 9th. Roth Capital analyst W. Kirk now forecasts that the company will earn ($0.04) per share for the quarter, up from their prior estimate of ($0.07). The consensus estimate for Canopy Growth’s current full-year earnings is ($2.81) per share.

Canopy Growth (NASDAQ:CGC) last posted its earnings results on Friday, November 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.10. Canopy Growth had a negative net margin of 113.21% and a negative return on equity of 61.97%. The firm had revenue of $47.86 million for the quarter, compared to the consensus estimate of $71.82 million.

A number of other research analysts also recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Canopy Growth in a research note on Wednesday, October 8th. Zacks Research upgraded Canopy Growth to a “hold” rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of Canopy Growth from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Benchmark raised shares of Canopy Growth from a “sell” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Strong Sell”.

Canopy Growth Stock Performance

CGC opened at $1.10 on Wednesday. The company has a market cap of $263.84 million, a PE ratio of -0.56 and a beta of 0.82. The stock has a 50-day moving average of $1.34 and a 200-day moving average of $1.35. Canopy Growth has a 52-week low of $0.77 and a 52-week high of $4.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.12 and a current ratio of 5.50.

Institutional Trading of Canopy Growth

Several hedge funds and other institutional investors have recently bought and sold shares of CGC. Boothbay Fund Management LLC acquired a new position in shares of Canopy Growth during the second quarter valued at about $30,000. Midwest Trust Co bought a new position in Canopy Growth during the third quarter valued at about $31,000. Wealth Enhancement Advisory Services LLC increased its stake in Canopy Growth by 81.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 32,336 shares of the company’s stock valued at $41,000 after acquiring an additional 14,498 shares during the period. Mackenzie Financial Corp raised its holdings in Canopy Growth by 56.5% in the 1st quarter. Mackenzie Financial Corp now owns 50,413 shares of the company’s stock valued at $47,000 after acquiring an additional 18,202 shares in the last quarter. Finally, Genesee Capital Advisors LLC lifted its position in shares of Canopy Growth by 166.1% in the 3rd quarter. Genesee Capital Advisors LLC now owns 40,047 shares of the company’s stock worth $58,000 after acquiring an additional 25,000 shares during the period. 3.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Christelle Gedeon sold 16,929 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $1.74, for a total transaction of $29,456.46. Following the transaction, the insider owned 368,488 shares of the company’s stock, valued at approximately $641,169.12. The trade was a 4.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Luc Mongeau bought 27,469 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were bought at an average price of $1.82 per share, with a total value of $49,993.58. Following the completion of the purchase, the chief executive officer owned 812,368 shares in the company, valued at approximately $1,478,509.76. The trade was a 3.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 50,300 shares of company stock valued at $84,373. Corporate insiders own 0.16% of the company’s stock.

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.