GrowGeneration (NASDAQ:GRWG) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $415 million-$430 million, compared to the consensus revenue estimate of $424.99 million.
GRWG traded down $1.57 on Tuesday, hitting $42.21. 62,165 shares of the company traded hands, compared to its average volume of 2,443,242. The company has a 50 day moving average of $48.53 and a 200-day moving average of $41.47. The stock has a market capitalization of $2.47 billion, a PE ratio of 825.17 and a beta of 3.09. GrowGeneration has a 12-month low of $4.46 and a 12-month high of $67.75.
GrowGeneration (NASDAQ:GRWG) last announced its quarterly earnings data on Wednesday, March 24th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.03). GrowGeneration had a net margin of 2.14% and a return on equity of 4.68%. The firm had revenue of $61.92 million during the quarter, compared to analyst estimates of $60.87 million. Equities analysts expect that GrowGeneration will post 0.15 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the company. Craig Hallum lifted their price objective on GrowGeneration from $35.00 to $65.00 and gave the company a buy rating in a report on Tuesday, January 12th. Alliance Global Partners lowered GrowGeneration from a buy rating to a neutral rating and lifted their price objective for the company from $45.00 to $54.00 in a report on Tuesday, January 12th. Zacks Investment Research lowered GrowGeneration from a buy rating to a hold rating in a report on Friday, February 5th. LADENBURG THALM/SH SH lowered GrowGeneration from a buy rating to a neutral rating in a research note on Tuesday, January 12th. Finally, Stifel Nicolaus boosted their price target on GrowGeneration from $40.00 to $58.00 in a research note on Wednesday, January 13th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $51.13.
In related news, Director Sean Stiefel sold 8,305 shares of the company’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $47.58, for a total transaction of $395,151.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.57% of the company’s stock.
GrowGeneration Company Profile
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of horticultural, organics, and lighting and hydroponics products, including lighting fixtures, nutrients, seeds and growing media, systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools.
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