KushCo (OTCMKTS:KSHB) posted its earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02, Morningstar.com reports. The company had revenue of $41.50 million for the quarter, compared to the consensus estimate of $40.42 million. KushCo had a negative return on equity of 22.31% and a negative net margin of 17.36%. The firm’s revenue for the quarter was up 221.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) earnings per share.
Shares of OTCMKTS:KSHB opened at $5.07 on Friday. KushCo has a 52-week low of $3.76 and a 52-week high of $7.20. The business has a 50 day moving average price of $4.67. The company has a current ratio of 3.11, a quick ratio of 2.28 and a debt-to-equity ratio of 0.18.
In related news, Chairman Nicholas Kovacevich sold 200,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $5.64, for a total value of $1,128,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 29.50% of the stock is owned by corporate insiders.
KSHB has been the topic of a number of recent research reports. Alliance Global Partners set a C$75.00 price objective on Canopy Growth and gave the company a “buy” rating in a research report on Monday, May 13th. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Roth Capital initiated coverage on KushCo in a research report on Thursday, June 6th. They set a “buy” rating and a $8.00 price objective on the stock. Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Benchmark initiated coverage on KushCo in a research report on Wednesday, June 26th. They set a “buy” rating and a $7.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $7.91.
KushCo Holdings, Inc primarily engages in the wholesale distribution of packaging supplies in the United States, Canada, Europe, and internationally. The company offers pop-top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; and polystyrene, silicone-lined polystyrene or glass containers.
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