GrowGeneration (GRWG) Announces Quarterly Earnings Results, Meets Estimates

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GrowGeneration (OTCMKTS:GRWG) announced its quarterly earnings data on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02), Morningstar.com reports. The company had revenue of $8.41 million for the quarter, compared to analysts’ expectations of $9.37 million. GrowGeneration had a negative return on equity of 28.02% and a negative net margin of 19.80%.

OTCMKTS GRWG traded down $0.27 during midday trading on Friday, hitting $3.85. 90,512 shares of the company traded hands, compared to its average volume of 121,005. The company has a current ratio of 10.38, a quick ratio of 7.28 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $114.46 million and a PE ratio of -21.39. GrowGeneration has a 52 week low of $1.75 and a 52 week high of $20.00.

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About GrowGeneration

GrowGeneration Corp., through its subsidiaries, operates retail hydroponic stores. It offers farming soil, hydroponic equipment, lighting, plant nutrients, and various other products. The company serves home growers of organic vegetables and fruits, do-it yourselfers, and growers in the cannabis related markets.

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Earnings History for GrowGeneration (OTCMKTS:GRWG)

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