Grove Collaborative (NYSE:GROV) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Grove Collaborative (NYSE:GROV) announced its earnings results on Tuesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07), Zacks reports. Grove Collaborative had a negative net margin of 11.35% and a negative return on equity of 417.96%.

Grove Collaborative Stock Up 3.7 %

NYSE:GROV traded up $0.06 on Tuesday, hitting $1.68. The stock had a trading volume of 93,246 shares, compared to its average volume of 161,271. Grove Collaborative has a 1 year low of $1.19 and a 1 year high of $2.00. The firm’s fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $1.43. The company has a debt-to-equity ratio of 14.58, a quick ratio of 1.45 and a current ratio of 2.07. The stock has a market cap of $65.45 million, a P/E ratio of -2.43 and a beta of 1.04.

Analyst Ratings Changes

Separately, Telsey Advisory Group restated an “outperform” rating and set a $2.00 price objective on shares of Grove Collaborative in a research note on Tuesday, March 4th.

Grove Collaborative Company Profile

Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It offers household, personal care, beauty, and other consumer products through retail channels, third parties, direct-to-consumer platform, and mobile applications, as well as online store.