Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) announced its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01, Zacks reports. The firm had revenue of $306.68 million during the quarter, compared to analyst estimates of $298.99 million. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%.
Green Thumb Industries Trading Up 2.0%
Green Thumb Industries stock opened at $7.27 on Wednesday. The business’s 50 day simple moving average is $7.54 and its 200 day simple moving average is $7.19. Green Thumb Industries has a 12 month low of $5.29 and a 12 month high of $10.43. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 14.26 and a beta of 1.26.
Analyst Ratings Changes
Separately, Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.
About Green Thumb Industries
Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.
In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.
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