Brokers Set Expectations for Kraken Robotics FY2026 Earnings

Kraken Robotics Inc. (CVE:PNG - Free Report) - Research analysts at Cormark lowered their FY2026 EPS estimates for Kraken Robotics in a report released on Tuesday, July 8th. Cormark analyst N. Boychuk now expects that the company will post earnings per share of $0.15 for the year, down from their previous forecast of $0.17. The consensus estimate for Kraken Robotics' current full-year earnings is $0.07 per share. Cormark also issued estimates for Kraken Robotics' FY2027 earnings at $0.23 EPS.

Several other equities analysts have also commented on PNG. Desjardins upgraded shares of Kraken Robotics to a "moderate buy" rating in a research note on Monday. National Bankshares set a C$3.00 price target on shares of Kraken Robotics and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, National Bank Financial upgraded shares of Kraken Robotics to a "strong-buy" rating in a research note on Wednesday, April 23rd.

Kraken Robotics Stock Up 4.1%

CVE:PNG traded up C$0.14 during mid-day trading on Thursday, hitting C$3.55. The stock had a trading volume of 1,617,165 shares, compared to its average volume of 997,039. The stock has a 50-day simple moving average of C$2.67 and a two-hundred day simple moving average of C$2.55. The company has a market capitalization of C$965.15 million, a PE ratio of 93.93 and a beta of 1.15. Kraken Robotics has a twelve month low of C$1.09 and a twelve month high of C$3.55. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32.

Insider Buying and Selling

In other Kraken Robotics news, Senior Officer Gregory Michael Reid sold 261,600 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$2.88, for a total value of C$753,408.00. 10.13% of the stock is owned by corporate insiders.

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.