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.

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.