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Brokers Issue Forecasts for Auxly Cannabis Group Inc.'s FY2025 Earnings (TSE:XLY)

Defense World ·  Aug 18, 2022 02:41

Auxly Cannabis Group Inc. (TSE:XLY – Get Rating) – Raymond James cut their FY2025 earnings estimates for shares of Auxly Cannabis Group in a research report issued on Monday, August 15th. Raymond James analyst R. Sarugaser now expects that the company will earn $0.02 per share for the year, down from their prior forecast of $0.03. The consensus estimate for Auxly Cannabis Group's current full-year earnings is ($0.03) per share. Raymond James also issued estimates for Auxly Cannabis Group's FY2026 earnings at $0.05 EPS.

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Auxly Cannabis Group (TSE:XLY – Get Rating) last announced its quarterly earnings data on Monday, May 16th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($0.01) by C($0.04). The firm had revenue of C$22.63 million during the quarter, compared to the consensus estimate of C$30.70 million.

Separately, ATB Capital dropped their price objective on Auxly Cannabis Group to C$0.25 and set an "outperform" rating for the company in a research note on Tuesday.

Auxly Cannabis Group Price Performance

Auxly Cannabis Group stock opened at C$0.07 on Wednesday. Auxly Cannabis Group has a 12 month low of C$0.07 and a 12 month high of C$0.36. The company has a current ratio of 2.58, a quick ratio of 0.92 and a debt-to-equity ratio of 119.65. The company has a market cap of C$62.83 million and a price-to-earnings ratio of -0.91. The business's 50 day simple moving average is C$0.08 and its 200 day simple moving average is C$0.13.

About Auxly Cannabis Group

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Auxly Cannabis Group Inc operates as a consumer-packaged goods company in the cannabis products market in Canada. The company focuses on developing, manufacturing, and distributing cannabis products for wellness and recreational consumers. It offers cannabis products under various forms, including vape catridges, dried flower, concentrates, chocolates, soft chews, oil drops, capsules, topicals, and hard candy under the brands KOLAB PROJECT, Dosecann, BACK FORTY, and Foray.

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