Aphria Inc (NYSE:APHA) Expected to Announce Quarterly Sales Aphria Inc (NYSE:APHA) Expected to Announce Quarterly Sales of $100.92 Million
Posted by Steve Fairfield on Nov 6th, 2019
https://slatersentinel.com/news/2019/11/06/aphria-inc-nyseapha-expected-to-announce-quarterly-sales-of-100-92-million.html
Equities analysts expect that Aphria Inc (NYSE:APHA) will post sales of $100.92 million for the current quarter, according to Zacks. Three analysts have issued estimates for Aphria’s earnings. The highest sales estimate is $104.70 million and the lowest is $95.84 million. Aphria posted sales of $16.58 million in the same quarter last year, which would indicate a positive year over year growth rate of 508.7%. The firm is expected to report its next earnings report on Friday, January 10th.
According to Zacks, analysts expect that Aphria will report full year sales of $463.69 million for the current year, with estimates ranging from $410.27 million to $514.18 million. For the next fiscal year, analysts anticipate that the firm will post sales of $636.30 million, with estimates ranging from $451.19 million to $766.81 million. Zacks’ sales averages are an average based on a survey of analysts that cover Aphria.
Aphria (NYSE:APHA) last issued its quarterly earnings results on Tuesday, October 15th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. The firm had revenue of $126.10 million for the quarter, compared to analysts’ expectations of $131.15 million. The firm’s revenue was up 848.1% on a year-over-year basis.
A number of research analysts have recently commented on APHA shares. CIBC reaffirmed a “sell” rating and set a $6.50 price target on shares of Aphria in a research report on Wednesday, October 16th. Pi Financial set a $9.00 price target on Aphria and gave the company a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group set a $8.30 price target on Aphria and gave the company a “buy” rating in a research report on Tuesday, October 15th. Zacks Investment Research raised Aphria from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Thursday, October 17th. Finally, Cantor Fitzgerald started coverage on Aphria in a research report on Tuesday. They set an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $11.51.
Large investors have recently added to or reduced their stakes in the stock. Synovus Financial Corp raised its stake in shares of Aphria by 56.9% during the 2nd quarter. Synovus Financial Corp now owns 5,514 shares of the company’s stock valued at $39,000 after purchasing an additional 2,000 shares during the period. Capital Investment Advisory Services LLC raised its stake in shares of Aphria by 2,233.3% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 7,000 shares of the company’s stock valued at $43,000 after purchasing an additional 6,700 shares during the period. Liberty Wealth Management LLC bought a new stake in shares of Aphria during the 2nd quarter valued at $44,000. Tower Research Capital LLC TRC raised its stake in shares of Aphria by 76.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,248 shares of the company’s stock valued at $44,000 after purchasing an additional 2,698 shares during the period. Finally, Lindbrook Capital LLC bought a new stake in shares of Aphria during the 2nd quarter valued at $53,000. Institutional investors own 10.94% of the company’s stock.
Shares of NYSE APHA opened at $5.14 on Wednesday. Aphria has a one year low of $3.75 and a one year high of $13.45. The business’s fifty day moving average price is $5.30 and its 200-day moving average price is $6.39. The stock has a market capitalization of $1.31 billion, a PE ratio of -46.73 and a beta of 2.83.
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