OrganiGram (OGI) Announces Earnings Results

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OrganiGram (CVE:OGI) posted its quarterly earnings data on Monday. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.09), Morningstar.com reports. The firm had revenue of C$26.93 million during the quarter, compared to analyst estimates of C$26.27 million.

CVE:OGI opened at C$8.55 on Wednesday. The stock has a market capitalization of $1.09 billion and a P/E ratio of 23.05. OrganiGram has a one year low of C$3.78 and a one year high of C$10.03. The company has a debt-to-equity ratio of 42.38, a current ratio of 14.53 and a quick ratio of 7.00.

Several brokerages recently weighed in on OGI. Canaccord Genuity increased their target price on OrganiGram from C$8.50 to C$10.50 in a research report on Tuesday. Cormark increased their target price on OrganiGram from C$5.50 to C$8.50 in a research report on Tuesday, January 29th. Pi Financial raised their target price on OrganiGram from C$8.00 to C$10.00 in a research note on Tuesday, January 29th. Finally, Jefferies Financial Group set a C$10.00 target price on OrganiGram and gave the company a “buy” rating in a research note on Monday, February 25th.

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OrganiGram Company Profile

OrganiGram Holdings Inc, through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders.

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Earnings History for OrganiGram (CVE:OGI)

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