Green Thumb Industries (OTCMKTS:GTBIF) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Green Thumb Industries (OTCMKTS:GTBIF) released its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%.

Green Thumb Industries Trading Up 3.6 %

GTBIF stock opened at $6.98 on Thursday. The stock’s 50 day simple moving average is $7.37 and its 200 day simple moving average is $9.02. Green Thumb Industries has a 12-month low of $6.60 and a 12-month high of $16.33. The firm has a market cap of $1.48 billion, a P/E ratio of 29.08 and a beta of 1.32.

Analysts Set New Price Targets

Separately, Roth Capital raised shares of Green Thumb Industries to a “strong-buy” rating in a research note on Sunday, November 10th. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of $16.50.

About Green Thumb Industries

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.