High Tide FY2026 EPS Estimate Lowered by Ventum Cap Mkts

Key Points

• High Tide Inc. saw its FY2026 EPS estimate lowered from $0.19 to $0.17 by Ventum Capital Markets, while the current consensus for full-year earnings is projected at ($0.04) per share.
• Despite the downgrade, High Tide has received generally favorable coverage, with Roth Capital maintaining a "buy" rating and a price target increase to $5.00.
• High Tide's institutional ownership has increased, with Osaic Holdings raising its position by an extraordinary 82,976.9% in the last quarter.

High Tide Inc. (NASDAQ:HITI - Free Report) - Ventum Cap Mkts lowered their FY2026 EPS estimates for shares of High Tide in a research note issued on Wednesday, September 17th. Ventum Cap Mkts analyst A. Semple now forecasts that the company will post earnings of $0.17 per share for the year, down from their prior estimate of $0.19. The consensus estimate for High Tide's current full-year earnings is ($0.04) per share.

HITI has been the subject of a number of other research reports. Roth Capital reiterated a "buy" rating and issued a $5.00 price target (up previously from $4.50) on shares of High Tide in a research note on Wednesday, June 18th. Haywood Securities upgraded High Tide to a "strong-buy" rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat.com, High Tide has an average rating of "Strong Buy" and a consensus price target of $5.00.

High Tide Price Performance

Shares of High Tide stock opened at $3.98 on Friday. High Tide has a one year low of $1.64 and a one year high of $3.99. The stock's fifty day moving average is $2.86 and its 200 day moving average is $2.45. The stock has a market cap of $346.58 million, a P/E ratio of -49.75 and a beta of 0.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 1.85.

High Tide (NASDAQ:HITI - Get Free Report) last announced its earnings results on Monday, September 15th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $146.00 million.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its position in shares of High Tide by 82,976.9% in the 2nd quarter. Osaic Holdings Inc. now owns 10,800 shares of the company's stock worth $25,000 after acquiring an additional 10,787 shares in the last quarter. Revisor Wealth Management LLC acquired a new position in High Tide during the 2nd quarter valued at about $32,000. StoneX Group Inc. acquired a new position in High Tide during the 2nd quarter valued at about $46,000. Bank of America Corp DE acquired a new position in High Tide during the 4th quarter valued at about $72,000. Finally, Boothbay Fund Management LLC acquired a new position in High Tide during the 2nd quarter valued at about $110,000. Hedge funds and other institutional investors own 4.52% of the company's stock.

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.

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