HEXO Corp. (NASDAQ:HEXO) – Analysts at Seaport Global Securities issued their Q3 2019 EPS estimates for HEXO in a research report issued on Tuesday, June 11th. Seaport Global Securities analyst B. Hundley expects that the company will post earnings of ($0.02) per share for the quarter. Seaport Global Securities currently has a “Buy” rating and a $12.00 target price on the stock. Seaport Global Securities also issued estimates for HEXO’s Q4 2019 earnings at ($0.02) EPS, FY2019 earnings at ($0.10) EPS, Q1 2020 earnings at ($0.02) EPS, Q2 2020 earnings at $0.00 EPS, FY2020 earnings at $0.03 EPS and FY2021 earnings at $0.20 EPS.
Several other equities research analysts have also recently issued reports on HEXO. Zacks Investment Research cut HEXO from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. AltaCorp Capital reiterated an “outperform” rating on shares of HEXO in a research report on Thursday, April 4th. Desjardins assumed coverage on HEXO in a research report on Thursday, April 25th. They issued a “buy” rating and a $7.17 price target for the company. Oppenheimer assumed coverage on HEXO in a research report on Tuesday, February 19th. They issued an “outperform” rating and a $7.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on HEXO in a research report on Monday, February 25th. They issued an “underperform” rating for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. HEXO has a consensus rating of “Buy” and an average price target of $8.29.
Shares of HEXO stock opened at $5.90 on Friday. HEXO has a 12-month low of $3.02 and a 12-month high of $8.40.
HEXO (NASDAQ:HEXO) last issued its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $10.09 million during the quarter, compared to the consensus estimate of $10.01 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC purchased a new position in HEXO in the first quarter worth about $1,572,000. Jane Street Group LLC purchased a new position in HEXO in the first quarter worth about $792,000. BlueCrest Capital Management Ltd purchased a new position in HEXO in the first quarter worth about $94,000. Ladenburg Thalmann Financial Services Inc. purchased a new position in HEXO in the first quarter worth about $43,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in HEXO in the first quarter worth about $4,191,000.
HEXO Company Profile
HEXO Corp., through its subsidiary, HEXO Operations Inc, produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names.
Further Reading: SEC Filing
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