According to Zacks, “KushCo Holdings Inc. is the parent company to a diverse group of business units primarily in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving customer base. The company’s brands include Kush Bottles, a sales platform distributor of packaging, supplies, and accessories. Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector. Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions. KushCo Holdings Inc., formerly known as Kush Bottles Inc., is headquartered in Garden Grove, California. “
Several other research analysts have also issued reports on the company. Northland Securities reaffirmed a buy rating and set a $6.00 target price on shares of KushCo in a research report on Friday, November 8th. Canaccord Genuity reiterated a buy rating and set a $3.50 price target (down previously from $7.50) on shares of KushCo in a research note on Friday, November 8th. They noted that the move was a valuation call. Finally, Compass Point boosted their price target on KushCo from $5.00 to $8.00 and gave the company a buy rating in a research note on Wednesday, September 25th. Nine equities research analysts have rated the stock with a buy rating, KushCo has an average rating of Buy and a consensus price target of $6.69.
KushCo (OTCMKTS:KSHB) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $46.97 million during the quarter, compared to analyst estimates of $45.56 million. KushCo had a negative return on equity of 35.58% and a negative net margin of 26.35%. The business’s revenue for the quarter was up 135.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. Analysts forecast that KushCo will post -0.26 earnings per share for the current year.
KushCo Company Profile
KushCo Holdings, Inc primarily engages in the wholesale distribution of packaging supplies in the United States, Canada, Europe, and internationally. The company offers pop-top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; and polystyrene, silicone-lined polystyrene or glass containers.
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