Analysts Offer Predictions for High Tide FY2025 Earnings

Key Points

• Atb Cap Markets forecasts High Tide Inc. will have FY2025 earnings per share of ($0.04), aligning with current estimates, with predictions for Q4 2025 earnings at $0.00 EPS and FY2026 earnings at $0.12 EPS.
• High Tide's stock has received a "Strong Buy" rating with an average target price of $5.00, following upgrades from both Roth Capital and Haywood Securities.
• The company's most recent quarterly earnings report revealed a positive EPS of $0.01, exceeding expectations, though revenue fell short of analysts' forecasts at $108.04 million.

High Tide Inc. (NASDAQ:HITI - Free Report) - Stock analysts at Atb Cap Markets issued their FY2025 earnings per share estimates for shares of High Tide in a report issued on Tuesday, September 16th. Atb Cap Markets analyst F. Gomes anticipates that the company will post earnings of ($0.04) per share for the year. The consensus estimate for High Tide's current full-year earnings is ($0.04) per share. Atb Cap Markets also issued estimates for High Tide's Q4 2025 earnings at $0.00 EPS and FY2026 earnings at $0.12 EPS.

High Tide (NASDAQ:HITI - Get Free Report) last announced its quarterly earnings results on Monday, September 15th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. High Tide had a negative return on equity of 6.50% and a negative net margin of 1.66%.The company had revenue of $108.04 million during the quarter, compared to analyst estimates of $146.00 million.

Several other research analysts have also weighed in on HITI. Wall Street Zen raised High Tide from a "hold" rating to a "buy" rating in a research report on Saturday. Haywood Securities upgraded High Tide to a "strong-buy" rating in a research report on Friday, September 12th. Finally, Roth Capital reaffirmed a "buy" rating and set a $5.00 price objective (up from $4.50) on shares of High Tide in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and a consensus target price of $5.00.

High Tide Stock Performance

HITI stock traded down $0.01 during trading on Friday, reaching $3.64. 274,188 shares of the company's stock were exchanged, compared to its average volume of 607,875. The company has a quick ratio of 1.29, a current ratio of 1.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $317.08 million, a PE ratio of -45.56 and a beta of 0.58. The company's fifty day moving average price is $2.91 and its 200-day moving average price is $2.47. High Tide has a 1-year low of $1.64 and a 1-year high of $4.06.

Institutional Investors Weigh In On High Tide

A number of large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in High Tide by 50.6% in the fourth quarter. Jane Street Group LLC now owns 53,089 shares of the company's stock valued at $163,000 after buying an additional 17,837 shares during the period. Bank of America Corp DE acquired a new position in High Tide in the fourth quarter worth $72,000. Lazard Asset Management LLC boosted its holdings in shares of High Tide by 8,334.5% during the fourth quarter. Lazard Asset Management LLC now owns 51,535 shares of the company's stock valued at $159,000 after acquiring an additional 50,924 shares during the period. Two Sigma Investments LP boosted its holdings in shares of High Tide by 146.0% during the fourth quarter. Two Sigma Investments LP now owns 311,304 shares of the company's stock valued at $962,000 after acquiring an additional 184,780 shares during the period. Finally, State of Wyoming raised its position in High Tide by 55.7% in the first quarter. State of Wyoming now owns 242,241 shares of the company's stock worth $458,000 after acquiring an additional 86,682 shares in the last quarter. 4.52% of the stock is owned by institutional investors and hedge funds.

High Tide Company Profile

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.