Ascend Wellness Holdings, Inc. (OTC:AAWH - Free Report) - Investment analysts at Atb Cap Markets dropped their FY2024 earnings per share (EPS) estimates for shares of Ascend Wellness in a research report issued to clients and investors on Tuesday, November 12th. Atb Cap Markets analyst F. Gomes now expects that the company will post earnings per share of ($0.40) for the year, down from their previous estimate of ($0.32). The consensus estimate for Ascend Wellness' current full-year earnings is ($0.32) per share. Atb Cap Markets also issued estimates for Ascend Wellness' Q4 2024 earnings at ($0.08) EPS, FY2026 earnings at ($0.12) EPS, FY2027 earnings at ($0.11) EPS and FY2028 earnings at ($0.09) EPS.
Ascend Wellness (OTC:AAWH - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.03). The business had revenue of $141.65 million for the quarter, compared to analyst estimates of $144.13 million. Ascend Wellness had a negative return on equity of 72.18% and a negative net margin of 15.47%.
Ascend Wellness Trading Down 6.8 %
Ascend Wellness stock traded down $0.03 during mid-day trading on Friday, hitting $0.47. 691,410 shares of the stock were exchanged, compared to its average volume of 221,432. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $99.66 million, a price-to-earnings ratio of -1.13 and a beta of 1.69. The firm's fifty day simple moving average is $0.82 and its two-hundred day simple moving average is $0.95. Ascend Wellness has a 12 month low of $0.42 and a 12 month high of $1.82.
About Ascend Wellness
(
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Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. The company offers flower, pre-rolls, concentrates, vapes, edibles, tinctures, and other cannabis-related products under the Common Goods, SimplyHerb, Ozone, Ozone Reserve, Royale, Tunnel Vision, Miss Grass, Lowell Smokes, Edie Parker, 1906, and AiroPro brands.
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