Brokers Issue Forecasts for Kraken Robotics FY2025 Earnings

Kraken Robotics Inc. (CVE:PNG) – Cormark reduced their FY2025 earnings estimates for shares of Kraken Robotics in a research note issued on Thursday, September 11th. Cormark analyst N. Boychuk now anticipates that the company will earn $0.05 per share for the year, down from their prior forecast 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.

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

Kraken Robotics Trading Down 1.9%

CVE PNG opened at C$4.11 on Monday. Kraken Robotics has a 12 month low of C$1.57 and a 12 month high of C$4.37. The company has a 50-day moving average of C$3.59 and a 200-day moving average of C$2.88. The company has a debt-to-equity ratio of 34.32, a current ratio of 2.78 and a quick ratio of 0.64. The company has a market cap of C$1.26 billion, a P/E ratio of 58.71 and a beta of 0.91.

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.