Equities analysts expect Aphria Inc. (NYSE:APHA) to report sales of $119.87 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Aphria's earnings, with estimates ranging from $115.92 million to $126.46 million. Aphria reported sales of $91.38 million in the same quarter last year, which would suggest a positive year over year growth rate of 31.2%. The company is expected to issue its next earnings report on Tuesday, January 12th.
On average, analysts expect that Aphria will report full-year sales of $509.79 million for the current fiscal year, with estimates ranging from $490.20 million to $542.47 million. For the next financial year, analysts forecast that the firm will report sales of $636.65 million, with estimates ranging from $625.21 million to $664.13 million. Zacks Investment Research's sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Aphria.
Aphria (NYSE:APHA) last announced its earnings results on Thursday, October 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.04) by $0.02. The business had revenue of $145.70 million for the quarter, compared to analyst estimates of $159.63 million. Aphria had a net margin of 5.75% and a negative return on equity of 0.30%. The company's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share.
A number of equities analysts recently weighed in on APHA shares. Cantor Fitzgerald lowered their price target on shares of Aphria from $15.50 to $11.75 and set an "overweight" rating on the stock in a research report on Friday, October 16th. Zacks Investment Research lowered shares of Aphria from a "hold" rating to a "sell" rating in a research report on Tuesday, November 24th. Finally, CIBC boosted their price target on shares of Aphria from $8.00 to $9.00 and gave the stock an "outperform" rating in a research report on Friday, November 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of "Buy" and a consensus target price of $8.76.
APHA opened at $7.73 on Monday. The firm has a market capitalization of $2.23 billion, a PE ratio of 85.89 and a beta of 2.19. Aphria has a twelve month low of $1.95 and a twelve month high of $7.78. The firm's 50-day moving average price is $5.40 and its 200 day moving average price is $4.70. The company has a current ratio of 5.19, a quick ratio of 3.73 and a debt-to-equity ratio of 0.25.
A number of large investors have recently bought and sold shares of APHA. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Aphria in the 3rd quarter valued at approximately $75,000. Squarepoint Ops LLC purchased a new stake in shares of Aphria in the 3rd quarter valued at approximately $50,000. ExodusPoint Capital Management LP purchased a new stake in shares of Aphria in the 3rd quarter valued at approximately $174,000. Morgan Stanley raised its stake in shares of Aphria by 37.9% in the 3rd quarter. Morgan Stanley now owns 932,540 shares of the company's stock valued at $4,130,000 after acquiring an additional 256,290 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in shares of Aphria by 32.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 45,503 shares of the company's stock valued at $161,000 after acquiring an additional 11,118 shares during the period. Institutional investors own 9.57% of the company's stock.
Aphria Company Profile
Aphria Inc cultivates, processes, produces, markets, distributes, and sells medical cannabis in Canada and internationally. The company offers pharmaceutical-grade medical cannabis, adult-use cannabis, and cannabis-derived extracts and derivative cannabis products under the Solei, RIFF, Good Supply, Aphria, P'tite Pof, and Broken Coast brands.
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