Roth Capital Expects Reduced Earnings for Ayr Wellness

Ayr Wellness Inc. (CVE:AYR) – Roth Capital decreased their FY2024 earnings per share (EPS) estimates for shares of Ayr Wellness in a report released on Wednesday, November 13th. Roth Capital analyst W. Kirk now anticipates that the company will post earnings per share of ($1.93) for the year, down from their previous forecast of ($1.69). Roth Capital 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 firms have also recently issued reports on AYR. Atb Cap Markets cut shares of Ayr Wellness from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Ventum Cap Mkts upgraded Ayr Wellness to a “strong-buy” rating in a research report on Wednesday, August 7th.

Ayr Wellness Stock Performance

Insider Transactions at Ayr Wellness

In other news, insider Millstreet Credit Fund LP acquired 450,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of C$1.26 per share, for a total transaction of C$568,463.40. Also, Senior Officer Jr. Mendola Robert James sold 19,163 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$2.82, for a total value of C$54,039.66.

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.