GrowGeneration (OTCMKTS:GRWG) Posts Earnings Results, Misses Estimates By $0.06 EPS

GrowGeneration (OTCMKTS:GRWG) released its quarterly earnings data on Monday, April 1st. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06), Morningstar.com reports. GrowGeneration had a negative return on equity of 19.47% and a negative net margin of 17.49%. The firm had revenue of $9.06 million for the quarter, compared to the consensus estimate of $10.00 million.

GRWG traded down $0.06 during trading on Wednesday, reaching $2.87. 37,494 shares of the stock were exchanged, compared to its average volume of 114,809. GrowGeneration has a twelve month low of $2.05 and a twelve month high of $5.49. The company has a market cap of $80.19 million, a price-to-earnings ratio of -13.67 and a beta of 3.03. The company has a current ratio of 7.31, a quick ratio of 4.72 and a debt-to-equity ratio of 0.08.

Separately, R. F. Lafferty began coverage on shares of GrowGeneration in a research note on Thursday, March 7th. They issued a “buy” rating and a $5.25 price target on the stock.

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About GrowGeneration

GrowGeneration Corp., through its subsidiaries, operates retail hydroponic stores. It offers farming soil, hydroponic equipment, lighting, plant nutrients, and various other products. The company serves home growers of organic vegetables and fruits, do-it yourselfers, and growers in the cannabis related markets.

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Earnings History for GrowGeneration (OTCMKTS:GRWG)

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