Brokers Issue Forecasts for Kraken Robotics FY2025 Earnings

Kraken Robotics Inc. (CVE:PNG) – Equities research analysts at Cormark dropped their FY2025 earnings estimates for Kraken Robotics in a research report issued on Thursday, September 11th. Cormark analyst N. Boychuk now forecasts that the company will post earnings of $0.05 per share for the year, down from their prior estimate of $0.13. The consensus estimate for Kraken Robotics’ current full-year earnings is $0.07 per share. Cormark also issued estimates for Kraken Robotics’ FY2026 earnings at $0.14 EPS.

A number of other brokerages have also issued reports on PNG. National Bankshares lifted their price target on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Canaccord Genuity Group cut Kraken Robotics from a “strong-buy” rating to a “hold” rating and raised their price objective for the stock from C$3.50 to C$4.00 in a research note on Thursday, July 24th. Desjardins raised their price objective on Kraken Robotics from C$4.00 to C$5.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Raymond James Financial raised their price objective on Kraken Robotics from C$3.50 to C$4.00 and gave the stock an “outperform” rating in a research note on Friday, August 22nd. Finally, Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$4.10.

Kraken Robotics Stock Down 1.9%

Shares of CVE:PNG opened at C$4.11 on Monday. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32. The company has a fifty day simple moving average of C$3.59 and a 200 day simple moving average of C$2.88. The firm has a market cap of C$1.26 billion, a PE ratio of 58.71 and a beta of 0.91. Kraken Robotics has a 12-month low of C$1.57 and a 12-month high of C$4.37.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.