quietobserver wrote: Wall Street analysts expect that Aphria Inc (NYSE:APHA) will report sales of $73.60 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aphria’s earnings, with the lowest sales estimate coming in at $57.80 million and the highest estimate coming in at $89.40 million. Aphria posted sales of $9.36 million in the same quarter last year, which would indicate a positive year over year growth rate of 686.3%. The company is expected to announce its next quarterly earnings report on Wednesday, August 7th.
On average, analysts expect that Aphria will report full year sales of $160.04 million for the current fiscal year, with estimates ranging from $138.92 million to $170.37 million. For the next year, analysts anticipate that the company will post sales of $536.47 million, with estimates ranging from $391.54 million to $676.13 million. Zacks’ sales averages are an average based on a survey of research firms that cover Aphria.
Aphria (NYSE:APHA) last announced its quarterly earnings results on Monday, April 15th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.11). The company had revenue of $55.24 million for the quarter, compared to the consensus estimate of $41.11 million.
APHA has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a C$15.00 price objective on shares of Aphria in a research report on Friday, May 24th. Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Clarus Securities initiated coverage on shares of Aphria in a research report on Tuesday, April 16th. They set a “buy” rating and a $22.75 price objective on the stock. Finally, ValuEngine upgraded shares of ZTE CORP/ADR from a “hold” rating to a “buy” rating in a research report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $14.75.
Shares of APHA opened at $6.29 on Tuesday. The stock has a fifty day simple moving average of $6.84. Aphria has a fifty-two week low of $3.75 and a fifty-two week high of $16.86.
A number of hedge funds have recently bought and sold shares of APHA. Advisory Services Network LLC grew its holdings in shares of Aphria by 45.3% in the first quarter. Advisory Services Network LLC now owns 5,625 shares of the company’s stock worth $52,000 after purchasing an additional 1,755 shares during the last quarter. Shell Asset Management Co. grew its holdings in shares of Aphria by 17.9% in the first quarter. Shell Asset Management Co. now owns 17,723 shares of the company’s stock worth $165,000 after purchasing an additional 2,687 shares during the last quarter. Financial Advocates Investment Management bought a new position in shares of Aphria in the fourth quarter worth about $89,000. Creative Planning grew its holdings in shares of Aphria by 6.4% in the first quarter. Creative Planning now owns 72,342 shares of the company’s stock worth $674,000 after purchasing an additional 4,351 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its holdings in shares of Aphria by 15.1% in the first quarter. Cetera Advisor Networks LLC now owns 35,717 shares of the company’s stock worth $340,000 after purchasing an additional 4,684 shares during the last quarter. Institutional investors and hedge funds own 8.55% of the company’s stock.