Roth Capital Decreases Earnings Estimates for Ayr Wellness

Ayr Wellness Inc. (CVE:AYR) – Stock analysts at Roth Capital lowered their FY2024 earnings per share (EPS) estimates for Ayr Wellness in a report issued on Wednesday, November 13th. Roth Capital analyst W. Kirk now forecasts that the company will post earnings of ($1.93) per share for the year, down from their prior estimate of ($1.69). Roth Capital currently has a “Strong-Buy” rating on the stock. Roth Capital also issued estimates for Ayr Wellness’ Q4 2024 earnings at ($0.47) EPS, Q1 2025 earnings at ($0.44) EPS, Q2 2025 earnings at ($0.43) EPS, Q3 2025 earnings at ($0.41) EPS, Q4 2025 earnings at ($0.41) EPS and FY2025 earnings at ($1.70) EPS.

Several other research analysts have also recently issued reports on the company. Atb Cap Markets cut Ayr Wellness from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Ventum Cap Mkts upgraded shares of Ayr Wellness to a “strong-buy” rating in a report on Wednesday, August 7th.

Ayr Wellness Price Performance

Insiders Place Their Bets

In other Ayr Wellness news, Senior Officer Jr. Mendola Robert James sold 19,163 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$2.82, for a total value of C$54,039.66. Also, insider Millstreet Credit Fund LP acquired 1,170,000 shares of Ayr Wellness stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of C$1.09 per share, with a total value of C$1,273,718.16.

About Ayr Wellness

Aircastle Ltd. engages in the lease, finance, sale, and management of commercial flight equipment. It employs a balanced approach to investment and capitalization. The company was founded on October 29, 2004 and is headquartered in Stamford, CT.