Green Thumb Industries (OTCMKTS:GTBIF) Releases Earnings Results, Beats Expectations By $0.03 EPS

Green Thumb Industries (OTCMKTS:GTBIF) issued its quarterly earnings results on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03, Zacks reports. The firm had revenue of $280.15 million during the quarter, compared to the consensus estimate of $277.01 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%.

Green Thumb Industries Stock Up 11.3 %

GTBIF opened at $11.21 on Wednesday. The firm has a market cap of $2.39 billion, a P/E ratio of 46.71 and a beta of 1.41. Green Thumb Industries has a 52 week low of $6.42 and a 52 week high of $16.33. The business has a fifty day simple moving average of $11.62 and a 200-day simple moving average of $12.56.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GTBIF shares. Wedbush lifted their price target on Green Thumb Industries from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Ventum Cap Mkts raised Green Thumb Industries to a “strong-buy” rating in a report on Tuesday. Finally, Needham & Company LLC upped their price target on Green Thumb Industries from $15.50 to $17.00 and gave the company a “buy” rating in a report on Thursday, May 9th.

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.