FY2019 EPS Estimates for Aphria Inc Cut by Analyst (NYSE:APHA)

Aphria Inc (NYSE:APHA) – Investment analysts at Seaport Global Securities decreased their FY2019 earnings per share (EPS) estimates for shares of Aphria in a research report issued on Tuesday, June 11th. Seaport Global Securities analyst B. Hundley now anticipates that the company will post earnings of ($0.17) per share for the year, down from their prior forecast of ($0.15). Seaport Global Securities has a “Buy” rating and a $18.00 price objective on the stock. Seaport Global Securities also issued estimates for Aphria’s Q4 2019 earnings at ($0.07) EPS, Q1 2020 earnings at ($0.06) EPS, Q2 2020 earnings at ($0.05) EPS, Q3 2020 earnings at ($0.02) EPS and FY2020 earnings at ($0.14) EPS.

Aphria (NYSE:APHA) last released its earnings results on Monday, April 15th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.11). The company had revenue of $55.24 million for the quarter, compared to analyst estimates of $41.11 million.

APHA has been the subject of several other research reports. Clarus Securities initiated coverage on shares of Aphria in a research report on Tuesday, April 16th. They issued a “buy” rating and a $22.75 price target for the company. Zacks Investment Research upgraded shares of Aphria from a “strong sell” rating to a “hold” rating in a research report on Friday, May 10th. Jefferies Financial Group initiated coverage on shares of Aphria in a research report on Friday, May 24th. They issued a “buy” rating and a $11.00 price target for the company. Finally, ValuEngine upgraded shares of Aphria from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $14.75.

Shares of NYSE:APHA opened at $6.96 on Friday. Aphria has a 52 week low of $3.75 and a 52 week high of $16.86.

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp increased its stake in Aphria by 675.0% in the 1st quarter. Fifth Third Bancorp now owns 3,100 shares of the company’s stock valued at $29,000 after buying an additional 2,700 shares during the period. Liberty Wealth Management LLC acquired a new position in Aphria in the 4th quarter valued at approximately $35,000. Kore Private Wealth LLC acquired a new position in Aphria in the 1st quarter valued at approximately $37,000. 1832 Asset Management L.P. acquired a new position in Aphria in the 4th quarter valued at approximately $50,000. Finally, Advisory Services Network LLC increased its stake in Aphria by 45.3% in the 1st quarter. Advisory Services Network LLC now owns 5,625 shares of the company’s stock valued at $52,000 after buying an additional 1,755 shares during the period. Institutional investors and hedge funds own 8.54% of the company’s stock.

Aphria Company Profile

Aphria Inc produces and sells medical cannabis in Canada and internationally. The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It serves patients and health professionals. The company also sells its products online. Aphria Inc is headquartered in Leamington, Canada.

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Earnings History and Estimates for Aphria (NYSE:APHA)

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