Green Thumb Industries (OTCMKTS:GTBIF) Posts Earnings Results, Misses Estimates By $0.05 EPS

Green Thumb Industries (OTCMKTS:GTBIF) posted its quarterly earnings data on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05), Zacks reports. Green Thumb Industries had a return on equity of 6.03% and a net margin of 10.48%.

Green Thumb Industries Price Performance

Shares of GTBIF traded down $0.11 on Wednesday, reaching $6.59. The company’s stock had a trading volume of 436,421 shares, compared to its average volume of 540,818. The stock’s 50 day simple moving average is $7.02 and its two-hundred day simple moving average is $7.15. The stock has a market capitalization of $1.30 billion, a P/E ratio of 12.20 and a beta of 1.29. Green Thumb Industries has a 12-month low of $5.29 and a 12-month high of $10.43.

Analyst Ratings Changes

Several research firms recently commented on GTBIF. Roth Capital set a $18.00 price objective on shares of Green Thumb Industries in a research note on Wednesday, August 5th. Seaport Research Partners reissued a “buy” rating and set a $18.00 price target on shares of Green Thumb Industries in a research report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

About Green Thumb Industries

Green Thumb Industries Inc is a consumer packaged goods and retail cannabis company headquartered in Chicago, Illinois. Founded in 2014, the company develops, manufactures and distributes cannabis products for medical and adult-use markets, subject to applicable state regulations.

Its portfolio includes branded flower, pre-rolls, vape products, concentrates, edibles and other cannabis products sold under brands such as Good Green, &Shine, RYTHM, incredibles and Beboe. Green Thumb also operates retail cannabis dispensaries under the RISE brand, offering cannabis products and related accessories through its store network.

Green Thumb serves customers in multiple U.S.