Canopy Growth (CGC) Set to Announce Earnings on Friday

Canopy Growth (NASDAQ:CGC - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Friday, August 9th. Analysts expect Canopy Growth to post earnings of ($0.31) per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Canopy Growth (NASDAQ:CGC - Get Free Report) last posted its earnings results on Thursday, May 30th. The company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.05. Canopy Growth had a negative net margin of 185.77% and a negative return on equity of 62.67%. The company had revenue of $53.99 million for the quarter, compared to analyst estimates of $52.71 million. On average, analysts expect Canopy Growth to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Canopy Growth Trading Down 3.0 %

Shares of Canopy Growth stock traded down $0.20 during trading hours on Friday, hitting $6.57. The company's stock had a trading volume of 2,777,617 shares, compared to its average volume of 9,248,214. The company has a market capitalization of $532.17 million, a PE ratio of -1.02 and a beta of 0.93. Canopy Growth has a 12 month low of $2.76 and a 12 month high of $19.20. The stock has a 50 day moving average of $7.27 and a 200 day moving average of $6.69. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.58 and a quick ratio of 1.25.

Insider Buying and Selling at Canopy Growth

In related news, Director Willy Kruh sold 3,738 shares of Canopy Growth stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $9.94, for a total transaction of $37,155.72. Following the completion of the sale, the director now owns 17,295 shares of the company's stock, valued at approximately $171,912.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 7,545 shares of company stock worth $67,997 over the last 90 days. Company insiders own 0.35% of the company's stock.

Analyst Ratings Changes

CGC has been the subject of several recent research reports. Piper Sandler reduced their price objective on Canopy Growth from $3.00 to $2.00 and set an "underweight" rating for the company in a research report on Tuesday, July 9th. Atb Cap Markets upgraded shares of Canopy Growth to a "hold" rating in a report on Monday, June 17th.

Canopy Growth Company Profile

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 Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products.