Brokers Set Expectations for High Tide FY2025 Earnings

High Tide Inc. (NASDAQ:HITI) – Stock analysts at Atb Cap Markets issued their FY2025 earnings per share estimates for shares of High Tide in a report issued on Monday, December 16th. Atb Cap Markets analyst F. Gomes anticipates that the company will post earnings per share of ($0.06) for the year. The consensus estimate for High Tide’s current full-year earnings is ($0.01) per share. Atb Cap Markets also issued estimates for High Tide’s FY2026 earnings at $0.13 EPS, FY2027 earnings at $0.26 EPS and FY2028 earnings at $0.42 EPS.

High Tide (NASDAQ:HITI) last issued its earnings results on Monday, September 16th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. High Tide had a negative net margin of 6.14% and a positive return on equity of 2.06%. The firm had revenue of $96.04 million during the quarter, compared to analyst estimates of $93.70 million. During the same period in the previous year, the firm earned ($0.03) earnings per share.

HITI has been the subject of a number of other research reports. Roth Mkm reissued a “buy” rating and issued a $4.50 price objective on shares of High Tide in a research note on Wednesday, September 18th. Roth Capital upgraded High Tide to a “strong-buy” rating in a report on Friday, November 8th.

High Tide Price Performance

High Tide stock opened at $2.94 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.26 and a quick ratio of 0.78. The stock has a market cap of $236.51 million, a price-to-earnings ratio of -10.50 and a beta of 0.47. The firm has a 50-day moving average of $2.89 and a two-hundred day moving average of $2.38. High Tide has a 1 year low of $1.52 and a 1 year high of $3.62.

Institutional Inflows and Outflows

An institutional investor recently raised its position in High Tide stock. Perritt Capital Management Inc lifted its position in High Tide Inc. (NASDAQ:HITI) by 92.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,000 shares of the company’s stock after acquiring an additional 60,000 shares during the period. Perritt Capital Management Inc owned 0.16% of High Tide worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.52% of the stock is owned by hedge funds and other institutional investors.

About High Tide

High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.