FY2025 EPS Forecast for Canopy Growth Lowered by Analyst
Roth Capital has lowered its FY2025 earnings estimates for Canopy Growth Co. (NASDAQ:CGC) to ($1.96) per share, down from ($1.89). The consensus estimate for the company's current full-year earnings is ($2.81) per share. Additionally, Piper Sandler reiterated an "underweight" rating on the stock. Canopy Growth's shares opened at $1.32, with a 12-month low of $0.77 and a high of $8.68. The company reported ($0.94) EPS for the last quarter, missing estimates significantly.
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Canopy Growth Co. (NASDAQ:CGC - Free Report) - Equities researchers at Roth Capital lowered their FY2025 earnings estimates for shares of Canopy Growth in a report issued on Wednesday, May 28th. Roth Capital analyst W. Kirk now forecasts that the company will earn ($1.96) per share for the year, down from their prior forecast of ($1.89). The consensus estimate for Canopy Growth's current full-year earnings is ($2.81) per share. Roth Capital also issued estimates for Canopy Growth's Q4 2025 earnings at ($0.12) EPS.
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Separately, Piper Sandler reiterated an "underweight" rating on shares of Canopy Growth in a research note on Friday.
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Canopy Growth Price Performance
Shares of NASDAQ:CGC opened at $1.32 on Monday. The company's fifty day moving average price is $1.28 and its 200 day moving average price is $2.00. Canopy Growth has a 12 month low of $0.77 and a 12 month high of $8.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.52 and a quick ratio of 2.58. The firm has a market capitalization of $241.78 million, a P/E ratio of -0.35 and a beta of 0.79.
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Canopy Growth (NASDAQ:CGC - Get Free Report) last announced its quarterly earnings results on Friday, May 30th. The company reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.66). Canopy Growth had a negative return on equity of 56.52% and a negative net margin of 156.98%. The company had revenue of $45.30 million for the quarter, compared to analyst estimates of $71.84 million.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Concurrent Investment Advisors LLC grew its position in Canopy Growth by 26.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 24,644 shares of the company's stock worth $68,000 after purchasing an additional 5,172 shares during the last quarter. Jones Financial Companies Lllp grew its position in Canopy Growth by 222.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,315 shares of the company's stock worth $26,000 after purchasing an additional 6,430 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in Canopy Growth during the 4th quarter worth $38,000. OLD Mission Capital LLC grew its position in Canopy Growth by 41.6% during the 4th quarter. OLD Mission Capital LLC now owns 51,066 shares of the company's stock worth $140,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Canopy Growth during the 4th quarter worth $41,000. 3.33% of the stock is owned by hedge funds and other institutional investors.
Canopy Growth Company Profile
(Get Free Report)Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.
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