Wall Street brokerages predict that OrganiGram Holdings Inc. (NASDAQ:OGI) will report earnings per share (EPS) of ($0.04) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for OrganiGram’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at ($0.03). OrganiGram posted earnings of ($0.03) per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The company is scheduled to report its next earnings report on Monday, November 29th.
On average, analysts expect that OrganiGram will report full year earnings of ($0.28) per share for the current fiscal year, with EPS estimates ranging from ($0.40) to ($0.18). For the next financial year, analysts anticipate that the business will post earnings of ($0.11) per share, with EPS estimates ranging from ($0.15) to ($0.06). Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow OrganiGram.
OrganiGram (NASDAQ:OGI) last released its quarterly earnings data on Monday, July 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. OrganiGram had a negative net margin of 190.24% and a negative return on equity of 19.91%. The firm had revenue of $16.55 million for the quarter, compared to analysts’ expectations of $13.95 million.
Shares of OGI stock traded up $0.04 during mid-day trading on Monday, reaching $2.46. The stock had a trading volume of 170,694 shares, compared to its average volume of 13,136,897. The stock’s 50-day moving average price is $2.55 and its two-hundred day moving average price is $2.84. OrganiGram has a 52-week low of $1.01 and a 52-week high of $6.45. The firm has a market capitalization of $737.54 million, a PE ratio of -4.69 and a beta of 0.10.
Large investors have recently bought and sold shares of the stock. SRS Capital Advisors Inc. bought a new position in shares of OrganiGram in the second quarter worth approximately $29,000. Chartist Inc. CA bought a new position in shares of OrganiGram in the second quarter worth approximately $29,000. Bank of New York Mellon Corp bought a new position in shares of OrganiGram in the second quarter worth approximately $29,000. Advisor Resource Council bought a new position in shares of OrganiGram in the second quarter worth approximately $34,000. Finally, Marcum Wealth LLC bought a new position in shares of OrganiGram in the first quarter worth approximately $35,000. 13.76% of the stock is currently owned by institutional investors and hedge funds.
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