Brokers Issue Forecasts for Kraken Robotics FY2025 Earnings

Key Points

• National Bank Financial has raised its FY2025 earnings estimate for Kraken Robotics to $0.04 per share, up from a previous estimate of $0.03.
• Other analysts have varied ratings and price targets, with the average consensus rating being a "Buy" and a target price of C$4.10.
• Kraken Robotics' shares saw a 1.4% decline, opening at C$4.18, despite positive outlooks from multiple analysts.

Kraken Robotics Inc. (CVE:PNG - Free Report) - Analysts at National Bank Financial upped their FY2025 earnings estimates for Kraken Robotics in a research report issued on Wednesday, September 10th. National Bank Financial analyst J. Shao now anticipates that the company will post earnings of $0.04 per share for the year, up from their prior estimate of $0.03. The consensus estimate for Kraken Robotics' current full-year earnings is $0.07 per share. National Bank Financial also issued estimates for Kraken Robotics' FY2026 earnings at $0.08 EPS.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group downgraded shares of Kraken Robotics from a "strong-buy" rating to a "hold" rating and boosted their price target for the company from C$3.50 to C$4.00 in a report on Thursday, July 24th. Raymond James Financial boosted their price objective on Kraken Robotics from C$3.50 to C$4.00 and gave the stock an "outperform" rating in a report on Friday, August 22nd. Scotiabank upgraded Kraken Robotics to a "strong-buy" rating in a report on Thursday, August 14th. Desjardins upped their target price on Kraken Robotics from C$4.00 to C$5.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Finally, National Bankshares increased their price objective on Kraken Robotics from C$4.00 to C$5.00 and gave the company an "outperform" rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$4.10.

Kraken Robotics Stock Down 1.4%

Shares of CVE:PNG opened at C$4.18 on Monday. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32. Kraken Robotics has a 12-month low of C$1.56 and a 12-month high of C$4.37. The company has a fifty day simple moving average of C$3.56 and a 200 day simple moving average of C$2.86. The firm has a market cap of C$1.28 billion, a PE ratio of 59.71 and a beta of 0.91.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.

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