Green Thumb Industries (OTCMKTS:GTBIF) Releases Earnings Results, Beats Estimates By $0.01 EPS

Green Thumb Industries (OTCMKTS:GTBIF) announced its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01, Zacks reports. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%.

Green Thumb Industries Stock Up 2.0%

Shares of Green Thumb Industries stock traded up $0.14 on Tuesday, reaching $7.27. The company’s stock had a trading volume of 483,438 shares, compared to its average volume of 562,046. The company has a market capitalization of $1.42 billion, a P/E ratio of 14.26 and a beta of 1.26. The stock has a 50-day moving average price of $7.54 and a 200-day moving average price of $7.20. Green Thumb Industries has a 52-week low of $5.29 and a 52-week high of $10.43.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating on shares of Green Thumb Industries in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Green Thumb Industries Company Profile

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.