Cormark Analysts Lower Earnings Estimates for Greenspace Brands Inc (JTR)

Greenspace Brands Inc (CVE:JTR) – Analysts at Cormark reduced their FY2019 EPS estimates for shares of Greenspace Brands in a research note issued to investors on Tuesday. Cormark analyst K. Mcphee now expects that the company will earn $0.05 per share for the year, down from their previous forecast of $0.08.

Separately, Raymond James Financial increased their target price on shares of Greenspace Brands from C$2.00 to C$2.25 and gave the stock a “strong-buy” rating in a research report on Friday, November 17th.

Greenspace Brands (CVE:JTR) traded up C$0.08 during trading on Wednesday, reaching C$1.48. 633,235 shares of the company’s stock traded hands, compared to its average volume of 137,916. The company has a market cap of $94.54, a PE ratio of -36.50 and a beta of 2.08. Greenspace Brands has a 52-week low of C$1.16 and a 52-week high of C$1.80.

Greenspace Brands (CVE:JTR) last released its quarterly earnings results on Wednesday, November 15th. The company reported C($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.01 by C($0.02). Greenspace Brands had a negative net margin of 3.34% and a negative return on equity of 4.56%.

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Greenspace Brands Company Profile

GreenSpace Brands Inc develops, markets, and sells natural food products to consumers in Canada. It provides beef and pork products under Life Choices brand; grass fed dairy, such as milk, yogurt, sour cream, butter, and kefir under the Rolling Meadow Dairy brand; pet foods for cats and dogs under the Holistic Choice brand; Kiwi Pure, a grass-fed butter; macaroni and cheese products, and fruit based, nut free bars for kids under the Nudge brand; snacks under the Central Roast brand; organic juices under the Kiju brand; and organic baby and children's food products under the Love Child Organics brand.

Earnings History and Estimates for Greenspace Brands (CVE:JTR)

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