FY2024 EPS Estimates for Green Thumb Industries Inc. Increased by Cormark (OTCMKTS:GTBIF)

Green Thumb Industries Inc. (OTCMKTS:GTBIF) – Research analysts at Cormark raised their FY2024 earnings estimates for shares of Green Thumb Industries in a research report issued on Wednesday, August 7th. Cormark analyst J. Pytlak now anticipates that the company will post earnings of $0.38 per share for the year, up from their previous forecast of $0.34. The consensus estimate for Green Thumb Industries’ current full-year earnings is $0.32 per share.

A number of other research firms have also recently issued reports on GTBIF. Needham & Company LLC upped their price target on shares of Green Thumb Industries from $15.50 to $17.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Wedbush upped their price target on shares of Green Thumb Industries from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Finally, Ventum Cap Mkts upgraded shares of Green Thumb Industries to a “strong-buy” rating in a report on Tuesday.

Green Thumb Industries Trading Down 4.3 %

Green Thumb Industries stock traded down $0.51 during mid-day trading on Thursday, hitting $11.25. 268,427 shares of the company’s stock were exchanged, compared to its average volume of 507,324. The stock has a market cap of $2.39 billion, a P/E ratio of 46.88 and a beta of 1.41. Green Thumb Industries has a 1-year low of $6.42 and a 1-year high of $16.33. The stock has a 50 day moving average of $11.62 and a two-hundred day moving average of $12.53.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly 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. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The business had revenue of $280.15 million for the quarter, compared to the consensus estimate of $277.01 million.

Green Thumb Industries Company Profile

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.