Green Thumb Industries (OTCMKTS:GTBIF) Issues Quarterly Earnings Results, Beats Estimates By $0.34 EPS

Green Thumb Industries (OTCMKTS:GTBIF) issued its quarterly earnings results on Wednesday. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.01 by $0.34, Zacks reports. Green Thumb Industries had a net margin of 3.77% and a return on equity of 1.66%.

Green Thumb Industries Stock Performance

GTBIF traded down $0.14 during trading hours on Wednesday, reaching $6.52. The company’s stock had a trading volume of 373,076 shares, compared to its average volume of 392,564. The company’s 50-day moving average is $7.56 and its 200-day moving average is $7.56. Green Thumb Industries has a 52 week low of $4.63 and a 52 week high of $10.43. The firm has a market cap of $1.35 billion, a PE ratio of 38.36 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Green Thumb Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. 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.