FY2025 EPS Estimates for Kraken Robotics Cut by Cormark

Kraken Robotics Inc. (CVE:PNG) – Analysts at Cormark lowered their FY2025 earnings estimates for shares of Kraken Robotics in a research report issued to clients and investors 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 previous 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 topic of a number of other reports. Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a research note on Thursday, August 14th. National Bankshares raised their price target on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the stock an “outperform” rating in a report on Thursday. Raymond James Financial lifted their target price on shares of Kraken Robotics from C$3.50 to C$4.00 and gave the company an “outperform” rating in a report on Friday, August 22nd. Desjardins boosted their price target on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Finally, Canaccord Genuity Group lowered Kraken Robotics from a “strong-buy” rating to a “hold” rating and increased their price target for the company from C$3.50 to C$4.00 in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$4.10.

Kraken Robotics Trading Down 1.4%

PNG stock opened at C$4.18 on Monday. The company’s 50-day simple moving average is C$3.56 and its 200-day simple moving average is C$2.86. The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32. Kraken Robotics has a 52-week low of C$1.56 and a 52-week high of C$4.37. The firm has a market cap of C$1.28 billion, a P/E ratio of 59.71 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.