GrowGeneration (GRWG) Set to Announce Quarterly Earnings on Tuesday

GrowGeneration (NASDAQ:GRWG) is scheduled to release its earnings data after the market closes on Tuesday, November 12th. Analysts expect GrowGeneration to post earnings of ($0.10) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

GrowGeneration (NASDAQ:GRWG) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). GrowGeneration had a negative net margin of 23.91% and a negative return on equity of 19.43%. The business had revenue of $53.54 million during the quarter, compared to the consensus estimate of $53.00 million. During the same period last year, the company earned ($0.09) EPS. On average, analysts expect GrowGeneration to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GrowGeneration Trading Down 0.5 %

NASDAQ:GRWG opened at $1.87 on Friday. The company has a market cap of $110.65 million, a price-to-earnings ratio of -2.34 and a beta of 3.14. GrowGeneration has a twelve month low of $1.77 and a twelve month high of $3.38. The stock has a fifty day simple moving average of $2.04 and a 200-day simple moving average of $2.26.

Insider Buying and Selling

In other news, CEO Darren Lampert acquired 85,300 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $1.88 per share, with a total value of $160,364.00. Following the completion of the acquisition, the chief executive officer now owns 1,518,420 shares of the company’s stock, valued at approximately $2,854,629.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Eula L. Adams acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $2.02 per share, for a total transaction of $50,500.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at approximately $50,500. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Darren Lampert acquired 85,300 shares of GrowGeneration stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $1.88 per share, for a total transaction of $160,364.00. Following the transaction, the chief executive officer now owns 1,518,420 shares of the company’s stock, valued at $2,854,629.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 246,685 shares of company stock worth $468,800 in the last 90 days. Insiders own 7.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GRWG shares. Roth Mkm decreased their target price on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a research report on Friday, August 9th. Stifel Nicolaus cut their price target on shares of GrowGeneration from $2.55 to $2.50 and set a “hold” rating on the stock in a report on Monday, July 29th. Alliance Global Partners lowered their price objective on GrowGeneration from $2.75 to $2.25 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Lake Street Capital reduced their target price on GrowGeneration from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.75.

GrowGeneration Company Profile

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.