Verano Holdings Corp. (OTCMKTS:VRNOF – Free Report) – Investment analysts at Seaport Res Ptn cut their FY2024 earnings per share estimates for shares of Verano in a report issued on Sunday, November 17th. Seaport Res Ptn analyst S. Randhawa now forecasts that the company will post earnings of ($0.27) per share for the year, down from their prior estimate of ($0.17). The consensus estimate for Verano’s current full-year earnings is ($0.18) per share. Seaport Res Ptn also issued estimates for Verano’s Q4 2024 earnings at ($0.08) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.06) EPS and FY2025 earnings at ($0.24) EPS.
Several other research analysts also recently issued reports on the company. Ventum Cap Mkts upgraded Verano to a “strong-buy” rating in a research report on Tuesday, July 30th. Roth Capital raised shares of Verano to a “strong-buy” rating in a research note on Sunday, November 10th.
Verano Trading Down 5.5 %
Shares of Verano stock opened at $1.55 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.52. Verano has a 1 year low of $1.42 and a 1 year high of $7.08. The company has a market capitalization of $554.19 million, a P/E ratio of -3.78 and a beta of 1.21. The business has a 50 day moving average price of $2.97 and a 200 day moving average price of $3.58.
Verano (OTCMKTS:VRNOF – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The firm had revenue of $216.68 million for the quarter, compared to analysts’ expectations of $226.64 million. Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%.
Verano Company Profile
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.
Read More
- Five stocks we like better than Verano
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Why Palo Alto Networks’ Multi-Year Uptrend Is Far From Over
- Differences Between Momentum Investing and Long Term Investing
- 3 Rock-Solid Buying Opportunities in the Market Right Now
- Buy P&G Now, Before It Sets A New All-Time High
- TJX Companies Stock Poised to Hit a New High This Year
Receive News & Ratings for Verano Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verano and related companies with MarketBeat.com's FREE daily email newsletter.
