Hydrofarm Holdings Group, Inc. Forecasted to Earn Q2 2021 Earnings of $0.17 Per Share (NASDAQ:HYFM)

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) – Research analysts at William Blair increased their Q2 2021 earnings per share estimates for shares of Hydrofarm Holdings Group in a report released on Friday, May 14th. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $0.17 for the quarter, up from their prior forecast of $0.16.

Hydrofarm Holdings Group (NASDAQ:HYFM) last announced its quarterly earnings results on Monday, March 29th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.09).

A number of other analysts have also recently issued reports on HYFM. Deutsche Bank Aktiengesellschaft lowered their target price on Hydrofarm Holdings Group from $88.00 to $77.00 and set a “buy” rating for the company in a research note on Wednesday, March 31st. Zacks Investment Research cut Hydrofarm Holdings Group from a “buy” rating to a “hold” rating in a research note on Friday, April 30th. Finally, Truist increased their target price on Hydrofarm Holdings Group from $65.00 to $95.00 in a research note on Monday, February 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $73.40.

Shares of HYFM stock opened at $57.37 on Monday. The company has a 50-day moving average of $60.06. Hydrofarm Holdings Group has a one year low of $41.59 and a one year high of $95.48.

A number of large investors have recently added to or reduced their stakes in HYFM. Calamos Advisors LLC acquired a new position in Hydrofarm Holdings Group during the 4th quarter worth approximately $974,000. Emerald Advisers LLC acquired a new position in Hydrofarm Holdings Group during the 4th quarter worth approximately $3,999,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Hydrofarm Holdings Group in the 4th quarter valued at approximately $3,770,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Hydrofarm Holdings Group in the 4th quarter valued at approximately $4,097,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Hydrofarm Holdings Group in the 4th quarter valued at approximately $789,000.

Hydrofarm Holdings Group Company Profile

Hydrofarm Holdings Group, Inc, together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment; and distributes CEA equipment and supplies, which include grow light systems; heating, ventilation, and air conditioning systems; humidity and carbon dioxide monitors and controllers; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media made from soil, rock wool or coconut fiber.

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Earnings History and Estimates for Hydrofarm Holdings Group (NASDAQ:HYFM)

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