Canopy Growth FY2025 EPS Forecast Reduced by Atb Cap Markets

Canopy Growth Co. (NASDAQ:CGC - Free Report) - Investment analysts at Atb Cap Markets decreased their FY2025 earnings per share (EPS) estimates for shares of Canopy Growth in a research report issued on Sunday, February 9th. Atb Cap Markets analyst F. Gomes now anticipates that the company will post earnings of ($2.27) per share for the year, down from their prior forecast of ($2.18). Atb Cap Markets has a "Strong Sell" rating on the stock. The consensus estimate for Canopy Growth's current full-year earnings is ($2.38) per share. Atb Cap Markets also issued estimates for Canopy Growth's Q4 2025 earnings at ($0.27) EPS, FY2026 earnings at ($0.73) EPS, FY2027 earnings at ($0.20) EPS, FY2028 earnings at ($0.15) EPS and FY2029 earnings at ($0.08) EPS.

Canopy Growth Price Performance

Shares of CGC remained flat at $1.89 during mid-day trading on Wednesday. The stock had a trading volume of 5,882,043 shares, compared to its average volume of 7,716,115. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.82. Canopy Growth has a 52-week low of $1.75 and a 52-week high of $14.92. The stock has a market cap of $246.51 million, a price-to-earnings ratio of -0.38 and a beta of 0.86. The business has a 50-day simple moving average of $2.52 and a 200-day simple moving average of $4.10.

Hedge Funds Weigh In On Canopy Growth

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC bought a new stake in shares of Canopy Growth during the third quarter valued at approximately $1,882,000. Stratos Wealth Advisors LLC bought a new stake in shares of Canopy Growth during the third quarter valued at approximately $97,000. Financial Advocates Investment Management bought a new stake in shares of Canopy Growth during the third quarter valued at approximately $57,000. Lake Street Private Wealth LLC boosted its position in shares of Canopy Growth by 47.6% during the third quarter. Lake Street Private Wealth LLC now owns 44,638 shares of the company's stock valued at $215,000 after purchasing an additional 14,398 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in shares of Canopy Growth during the third quarter valued at approximately $92,000. 3.33% of the stock is owned by hedge funds and other institutional investors.

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About Canopy Growth

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.