Green Thumb Industries Inc. (OTCMKTS:GTBIF - Free Report) - Equities researchers at Alliance Global Partners lowered their FY2024 EPS estimates for Green Thumb Industries in a research note issued to investors on Wednesday, October 30th. Alliance Global Partners analyst A. Grey now forecasts that the company will post earnings per share of $0.33 for the year, down from their previous estimate of $0.34. The consensus estimate for Green Thumb Industries' current full-year earnings is $0.32 per share. Alliance Global Partners also issued estimates for Green Thumb Industries' FY2025 earnings at $0.22 EPS.
Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The firm had revenue of $280.15 million for the quarter, compared to analysts' expectations of $277.01 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%.
Other analysts have also recently issued research reports about the stock. Ventum Cap Mkts raised shares of Green Thumb Industries to a "strong-buy" rating in a research report on Tuesday, August 6th. Craig Hallum raised shares of Green Thumb Industries to a "strong-buy" rating in a research report on Monday, September 16th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $16.50.
View Our Latest Report on GTBIF
Green Thumb Industries Price Performance
Shares of Green Thumb Industries stock traded up $0.21 during trading on Friday, hitting $10.29. The company's stock had a trading volume of 259,321 shares, compared to its average volume of 442,846. Green Thumb Industries has a 52 week low of $8.06 and a 52 week high of $16.33. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 42.00 and a beta of 1.40. The stock has a 50-day moving average price of $10.32 and a two-hundred day moving average price of $11.30.
About Green Thumb Industries
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Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.
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