KushCo (OTCMKTS:KSHB) announced its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06, Briefing.com reports. KushCo had a negative return on equity of 22.31% and a negative net margin of 17.36%. The firm had revenue of $46.97 million during the quarter, compared to the consensus estimate of $45.56 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The business’s revenue was up 135.3% on a year-over-year basis.
Shares of KSHB traded up $0.19 during mid-day trading on Friday, hitting $1.83. 2,190,830 shares of the company’s stock traded hands, compared to its average volume of 747,241. The company has a quick ratio of 1.33, a current ratio of 3.11 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $1.75 and its 200-day moving average price is $3.84. KushCo has a 1 year low of $1.26 and a 1 year high of $7.20. The firm has a market capitalization of $187.70 million, a P/E ratio of -11.44 and a beta of 1.71.
Several analysts have weighed in on KSHB shares. Compass Point boosted their price objective on KushCo from $5.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Zacks Investment Research upgraded KushCo from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research report on Tuesday, October 8th. Northland Securities reiterated a “buy” rating and issued a $6.00 price objective on shares of KushCo in a research report on Friday. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $3.50 price objective (down previously from $7.50) on shares of KushCo in a research report on Friday. They noted that the move was a valuation call. Nine research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $6.66.
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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