GrowGeneration (GRWG) Scheduled to Post Earnings on Tuesday

GrowGeneration (NASDAQ:GRWG - Get Free Report) is set to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

GrowGeneration (NASDAQ:GRWG - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $53.54 million for the quarter, compared to analyst estimates of $53.00 million. GrowGeneration had a negative return on equity of 19.43% and a negative net margin of 23.91%. During the same period last year, the business earned ($0.09) EPS. On average, analysts expect GrowGeneration to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GrowGeneration Stock Up 1.8 %

NASDAQ GRWG traded up $0.04 during trading on Tuesday, hitting $2.24. The stock had a trading volume of 294,495 shares, compared to its average volume of 811,526. GrowGeneration has a twelve month low of $1.77 and a twelve month high of $3.38. The firm has a 50 day moving average price of $2.04 and a 200 day moving average price of $2.26. The company has a market capitalization of $132.55 million, a PE ratio of -2.79 and a beta of 3.14.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GRWG shares. Roth Mkm reduced their target price on GrowGeneration from $2.75 to $2.25 and set a "neutral" rating for the company in a report on Friday, August 9th. Stifel Nicolaus reduced their target price on GrowGeneration from $2.55 to $2.50 and set a "hold" rating on the stock in a research note on Monday, July 29th. Lake Street Capital lowered their price target on shares of GrowGeneration from $5.00 to $4.00 and set a "buy" rating for the company in a report on Friday, July 26th. Finally, Alliance Global Partners reduced their target price on GrowGeneration from $2.75 to $2.25 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $2.75.

Insider Transactions at GrowGeneration

In related news, CEO Darren Lampert acquired 85,300 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $1.88 per share, for a total transaction of $160,364.00. Following the completion of the purchase, the chief executive officer now directly owns 1,518,420 shares of the company's stock, valued at $2,854,629.60. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other GrowGeneration news, Director Eula L. Adams purchased 25,000 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $2.02 per share, with a total value of $50,500.00. Following the completion of the transaction, the director now owns 25,000 shares of the company's stock, valued at approximately $50,500. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Darren Lampert bought 85,300 shares of the business's stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $1.88 per share, with a total value of $160,364.00. Following the transaction, the chief executive officer now owns 1,518,420 shares in the company, valued at approximately $2,854,629.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 246,685 shares of company stock worth $468,800. Company insiders own 7.07% of the company's stock.

About GrowGeneration

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.