Green Thumb Industries (OTCMKTS:GTBIF) Posts Quarterly Earnings Results

Green Thumb Industries (OTCMKTS:GTBIF) posted its quarterly earnings results 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. The firm had revenue of $324.41 million for the quarter, compared to the consensus estimate of $307.85 million. Green Thumb Industries had a return on equity of 5.22% and a net margin of 7.94%.

Green Thumb Industries Stock Performance

OTCMKTS:GTBIF traded up $0.25 during trading hours on Friday, reaching $6.50. The company’s stock had a trading volume of 158,339 shares, compared to its average volume of 540,113. The company has a market capitalization of $1.28 billion, a P/E ratio of 15.48 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. The stock has a 50 day moving average price of $6.98 and a two-hundred day moving average price of $7.13.

Analyst Ratings Changes

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

Green Thumb Industries Company Profile

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.