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Greenlane Renewables Inc. Forecasted to Earn FY2024 Earnings of $0.06 Per Share (TSE:GRN)

Defense World ·  Apr 20, 2023 03:34

Greenlane Renewables Inc. (TSE:GRN – Get Rating) – Stock analysts at Cormark issued their FY2024 EPS estimates for Greenlane Renewables in a research note issued to investors on Tuesday, April 18th. Cormark analyst N. Boychuk forecasts that the company will post earnings of $0.06 per share for the year. The consensus estimate for Greenlane Renewables' current full-year earnings is $0.00 per share.

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Separately, Pi Financial downgraded shares of Greenlane Renewables from a "buy" rating to a "neutral" rating in a research report on Friday, March 10th.

Greenlane Renewables Trading Down 2.9 %

TSE GRN opened at C$0.34 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.06 and a debt-to-equity ratio of 2.31. Greenlane Renewables has a 52 week low of C$0.28 and a 52 week high of C$1.05. The stock has a market capitalization of C$52.02 million, a PE ratio of -8.50, a price-to-earnings-growth ratio of -555.67 and a beta of 2.11. The firm has a 50 day moving average of C$0.37 and a two-hundred day moving average of C$0.47.

About Greenlane Renewables

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Greenlane Renewables Inc designs, develops, sells, and services a range of biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and for injection food waste facilities into the natural gas grid or for direct use as vehicle fuel.

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