Green Thumb Industries (OTCMKTS:GTBIF) Issues Quarterly Earnings Results

Green Thumb Industries (OTCMKTS:GTBIF) released its quarterly earnings data on Tuesday. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01, Zacks reports. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%.

Green Thumb Industries Price Performance

Shares of GTBIF traded up $0.14 during midday trading on Tuesday, hitting $7.27. 490,338 shares of the company traded hands, compared to its average volume of 562,798. The stock has a 50-day moving average of $7.54 and a 200-day moving average of $7.20. Green Thumb Industries has a one year low of $5.29 and a one year high of $10.43. The firm has a market cap of $1.42 billion, a P/E ratio of 14.26 and a beta of 1.26.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Green Thumb Industries Company Profile

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.