Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

High Tide Inc V.HITI

Alternate Symbol(s):  HITI

High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international subsidiaries, inclusive of the United States warehouse which supports the distribution of accessories and other items to the United Sates and international subsidiaries. Bricks-and-mortar sales are conducted under the Company’s Canna Cabana brand, CBD product sales are conducted online under the FABCBD, Blessed CBD and NuLeaf brands, and online sales through e-commerce platforms are conducted under the Company’s Grasscity, Smoke Cartel, Daily High Club and Dankstop brands. Its brand Queen of Bud sells products across Canada both direct to consumers and through third-party licensed cannabis stores.


TSXV:HITI - Post by User

Post by thebeston Dec 08, 2021 1:10pm
185 Views
Post# 34211137

hiti expected announce quarterly sales of $ 41.85 millions

hiti expected announce quarterly sales of $ 41.85 millions

High Tide Inc. (NASDAQ:HITI) Expected to Announce Quarterly Sales of $41.85 Million

 

Brokerages expect High Tide Inc. (NASDAQ:HITI) to announce $41.85 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for High Tide’s earnings, with estimates ranging from $41.04 million to $43.01 million. High Tide reported sales of $18.82 million during the same quarter last year, which indicates a positive year over year growth rate of 122.4%. The firm is expected to issue its next quarterly earnings report on Monday, March 7th.

According to Zacks, analysts expect that High Tide will report full year sales of $144.05 million for the current financial year, with estimates ranging from $142.80 million to $146.11 million. For the next financial year, analysts forecast that the business will report sales of $285.13 million, with estimates ranging from $238.60 million to $332.24 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover High Tide.

 
 

High Tide (NASDAQ:HITI) last issued its quarterly earnings data on Tuesday, September 14th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.12). High Tide had a negative return on equity of 32.36% and a negative net margin of 21.02%.

 

Several equities analysts have recently commented on HITI shares. Echelon Wealth Partners restated a “speculative buy” rating on shares of High Tide in a report on Thursday, October 7th. Cantor Fitzgerald initiated coverage on shares of High Tide in a report on Monday, November 22nd. They set a “neutral” rating and a $8.75 target price on the stock. Roth Capital initiated coverage on shares of High Tide in a report on Monday, September 13th. They set a “buy” rating and a $12.00 target price on the stock. Desjardins reduced their target price on shares of High Tide from C$15.00 to C$13.50 and set a “buy” rating on the stock in a report on Friday, October 22nd. Finally, Zacks Investment Research lowered shares of High Tide from a “hold” rating to a “sell” rating in a report on Tuesday, November 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.56.

 

Shares of HITI stock opened at $5.86 on Wednesday. The business has a 50 day moving average of $6.26. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21. High Tide has a one year low of $1.93 and a one year high of $13.29.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada purchased a new position in shares of High Tide in the 2nd quarter valued at $38,000. Morgan Stanley purchased a new position in shares of High Tide in the 2nd quarter valued at $69,000. Creative Planning purchased a new position in shares of High Tide in the 2nd quarter valued at $98,000. Bank of Montreal Can purchased a new position in shares of High Tide in the 2nd quarter valued at $132,000. Finally, CIBC World Markets Inc. purchased a new position in shares of High Tide in the 2nd quarter valued at $152,000.

About High Tide

High Tide Inc operates as a vertically-integrated company in the cannabis market in Canada, the United States, and internationally. It engages in the design, manufacture, and distribution of smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores.

Featured Article: Marijuana Stocks

Get a free copy of the Zacks research report on High Tide (HITI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for High Tide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for High Tide and related companies with MarketBeat.com's FREE daily email newsletter.

 
 
 

<< Previous
Bullboard Posts
Next >>