High Tide (NASDAQ:HITI – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, September 14th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.
High Tide (NASDAQ:HITI – Get Free Report) last posted its earnings results on Wednesday, June 14th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. High Tide had a negative net margin of 13.82% and a negative return on equity of 7.25%. The company had revenue of $87.13 million during the quarter, compared to analysts’ expectations of $84.84 million. On average, analysts expect High Tide to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
High Tide Stock Performance
Shares of NASDAQ HITI opened at $1.50 on Thursday. The company’s fifty day moving average price is $1.27 and its 200 day moving average price is $1.28. High Tide has a 1 year low of $1.03 and a 1 year high of $2.23. The company has a market capitalization of $112.64 million, a PE ratio of -2.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.10.
Institutional Investors Weigh In On High Tide
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus began coverage on shares of High Tide in a research report on Wednesday, August 2nd. They set a “buy” rating for the company.
High Tide Company Profile
High Tide Inc engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company manufactures and distributes smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores.
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