FY2027 EPS Estimates for Kraken Robotics Raised by Analyst

Key Points

• Cormark analysts have increased their FY2027 earnings per share estimate for Kraken Robotics from $0.23 to $0.26, while the consensus estimate for the current full-year earnings is $0.07 per share.
• Multiple analysts have provided mixed ratings for Kraken Robotics, with Scotiabank upgrading it to a "strong-buy" and a consensus rating of "buy" alongside a price target of C$4.10.
• As of the latest trading session, Kraken Robotics stock is up 3.4% and is currently priced at C$4.24, with a market cap of C$1.30 billion.

Kraken Robotics Inc. (CVE:PNG - Free Report) - Research analysts at Cormark boosted their FY2027 EPS estimates for Kraken Robotics in a note issued to investors on Thursday, September 11th. Cormark analyst N. Boychuk now forecasts that the company will post earnings per share of $0.26 for the year, up from their previous forecast of $0.23. The consensus estimate for Kraken Robotics' current full-year earnings is $0.07 per share.

Several other research firms have also commented on PNG. Canaccord Genuity Group lowered shares of Kraken Robotics from a "strong-buy" rating to a "hold" rating and raised their price target for the company from C$3.50 to C$4.00 in a research report on Thursday, July 24th. Desjardins raised their price target on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. National Bankshares raised their price target on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Raymond James Financial raised their price target on shares of Kraken Robotics from C$3.50 to C$4.00 and gave the company an "outperform" rating in a research report on Friday, August 22nd. Finally, Scotiabank upgraded shares of Kraken Robotics to a "strong-buy" rating in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$4.10.

Kraken Robotics Stock Performance

Shares of Kraken Robotics stock traded up C$0.06 during trading on Friday, hitting C$4.17. 289,970 shares of the company's stock were exchanged, compared to its average volume of 1,037,734. The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78. The business has a 50-day simple moving average of C$3.59 and a 200-day simple moving average of C$2.88. Kraken Robotics has a 52-week low of C$1.57 and a 52-week high of C$4.37. The stock has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 59.50 and a beta of 0.91.

About Kraken Robotics

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.