FY2026 EPS Estimates for High Tide Lowered by Zacks Research

High Tide Inc. (NASDAQ:HITI) – Investment analysts at Zacks Research lowered their FY2026 earnings estimates for High Tide in a research note issued on Monday, June 22nd. Zacks Research analyst T. Kerr now anticipates that the company will post earnings per share of $0.03 for the year, down from their prior estimate of $0.04. The consensus estimate for High Tide’s current full-year earnings is $0.03 per share. Zacks Research also issued estimates for High Tide’s FY2027 earnings at $0.11 EPS.

High Tide (NASDAQ:HITI) last issued its quarterly earnings results on Monday, June 15th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. High Tide had a negative net margin of 6.62% and a positive return on equity of 3.59%. The firm had revenue of $131.91 million for the quarter, compared to analyst estimates of $125.93 million.

HITI has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of High Tide in a research report on Tuesday, April 21st. Canaccord Genuity Group increased their price target on High Tide from $7.00 to $7.25 and gave the company a “buy” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $7.25.

High Tide Trading Down 0.2%

High Tide stock opened at $2.27 on Wednesday. The company has a market cap of $199.90 million, a price-to-earnings ratio of -7.34 and a beta of 0.58. The firm has a 50-day moving average of $2.38 and a 200-day moving average of $2.45. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.46 and a quick ratio of 0.66. High Tide has a one year low of $2.12 and a one year high of $4.06.

Institutional Trading of High Tide

A number of large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new stake in High Tide in the third quarter valued at $6,030,000. Millennium Management LLC increased its stake in shares of High Tide by 154.7% during the 4th quarter. Millennium Management LLC now owns 1,112,004 shares of the company’s stock worth $2,947,000 after purchasing an additional 675,396 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of High Tide by 15,484.2% in the 3rd quarter. Bank of America Corp DE now owns 420,774 shares of the company’s stock valued at $1,527,000 after purchasing an additional 418,074 shares during the period. Two Sigma Investments LP raised its holdings in shares of High Tide by 452.5% in the 3rd quarter. Two Sigma Investments LP now owns 471,727 shares of the company’s stock valued at $1,712,000 after purchasing an additional 386,340 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of High Tide by 35.2% in the 4th quarter. Renaissance Technologies LLC now owns 945,063 shares of the company’s stock valued at $2,504,000 after purchasing an additional 245,863 shares during the period. Institutional investors and hedge funds own 4.52% of the company’s stock.

High Tide Company Profile

High Tide Inc (NASDAQ: HITI) is an omnichannel retailer and branded consumer packaged goods company serving the regulated cannabis market. The company operates a network of licensed cannabis retail stores across Canada, offering a curated assortment of cannabis flower, pre-rolls, vapes and lifestyle accessories. In parallel, High Tide maintains an e-commerce platform that delivers hemp-derived products, vaporizers, glassware and other ancillary goods to consumers in multiple jurisdictions.

Within Canada, High Tide’s retail division includes banners such as Canna Cabana, Meta Cannabis Supply Co and The Hunny Pot, each designed to provide differentiated in-store experiences.