FY2024 EPS Estimates for Kraken Robotics Lowered by Cormark

Kraken Robotics Inc. (CVE:PNG - Free Report) - Equities researchers at Cormark reduced their FY2024 earnings estimates for Kraken Robotics in a research report issued on Monday, October 28th. Cormark analyst N. Boychuk now expects that the company will post earnings of $0.05 per share for the year, down from their prior estimate of $0.06. The consensus estimate for Kraken Robotics' current full-year earnings is $0.07 per share. Cormark also issued estimates for Kraken Robotics' FY2026 earnings at $0.16 EPS.

Kraken Robotics (CVE:PNG - Get Free Report) last announced its earnings results on Thursday, August 22nd. The company reported C$0.01 earnings per share (EPS) for the quarter. Kraken Robotics had a net margin of 10.51% and a return on equity of 23.24%. The business had revenue of C$22.76 million for the quarter, compared to analyst estimates of C$24.60 million.

Kraken Robotics Price Performance

PNG traded up C$0.09 on Tuesday, reaching C$2.06. 2,115,932 shares of the company's stock were exchanged, compared to its average volume of 655,299. The stock has a market cap of C$474.07 million, a PE ratio of 39.40 and a beta of 1.15. Kraken Robotics has a twelve month low of C$0.45 and a twelve month high of C$2.09. The stock's fifty day moving average price is C$1.65 and its 200-day moving average price is C$1.28. The company has a debt-to-equity ratio of 37.39, a current ratio of 2.71 and a quick ratio of 0.64.

Insiders Place Their Bets

In other Kraken Robotics news, Senior Officer David Shea sold 142,500 shares of Kraken Robotics stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$1.57, for a total transaction of C$223,782.00. 10.13% of the stock is owned by insiders.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.