Green Thumb Industries (OTCMKTS:GTBIF) Releases Earnings Results, Misses Estimates By $0.02 EPS

Green Thumb Industries (OTCMKTS:GTBIF) announced its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%.

Green Thumb Industries Stock Up 3.6 %

Shares of GTBIF traded up $0.24 during mid-day trading on Wednesday, hitting $6.98. 123,561 shares of the company’s stock were exchanged, compared to its average volume of 471,339. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 29.08 and a beta of 1.32. The firm has a fifty day moving average of $7.39 and a two-hundred day moving average of $9.04. Green Thumb Industries has a twelve month low of $6.60 and a twelve month high of $16.33.

Analyst Ratings Changes

Separately, Roth Capital raised Green Thumb Industries to a “strong-buy” rating in a research report on Sunday, November 10th. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and an average target price of $16.50.

About Green Thumb Industries

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.