KushCo Holdings Inc (OTCMKTS:KSHB) – Equities research analysts at Jefferies Financial Group lowered their FY2021 earnings per share estimates for KushCo in a research note issued to investors on Tuesday, March 17th. Jefferies Financial Group analyst O. Bennett now anticipates that the company will earn $0.01 per share for the year, down from their prior forecast of $0.03. Jefferies Financial Group currently has a “Buy” rating and a $3.50 target price on the stock. Jefferies Financial Group also issued estimates for KushCo’s FY2022 earnings at $0.11 EPS.
KSHB has been the subject of a number of other reports. Benchmark lowered their target price on KushCo from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, January 9th. Northland Securities cut KushCo from an “outperform” rating to a “market perform” rating in a report on Monday, March 16th. Zacks Investment Research cut KushCo from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Finally, Canaccord Genuity lowered their target price on KushCo from $3.50 to $3.00 and set a “speculative buy” rating for the company in a report on Monday, March 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $5.44.
Shares of KushCo stock opened at $0.47 on Thursday. The business has a 50-day moving average of $1.25 and a 200 day moving average of $1.77. KushCo has a 12 month low of $0.30 and a 12 month high of $6.28. The stock has a market capitalization of $55.99 million, a price-to-earnings ratio of -1.00 and a beta of 2.11. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.16 and a quick ratio of 1.89.
KushCo (OTCMKTS:KSHB) last released its quarterly earnings results on Wednesday, January 8th. The company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $34.96 million during the quarter, compared to analysts’ expectations of $43.73 million. KushCo had a negative return on equity of 32.98% and a negative net margin of 27.47%.
About KushCo
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.