Roots (TSE:ROO) Lowered to “Sector Perform Under Weight” at National Bank Financial

Roots (TSE:ROO) was downgraded by investment analysts at National Bank Financial from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report issued on Monday. National Bank Financial also issued estimates for Roots’ FY2020 earnings at $0.42 EPS and FY2021 earnings at $0.49 EPS.

Roots (TSE:ROO) last issued its quarterly earnings results on Wednesday, June 12th. The company reported C($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.14) by C($0.03). The business had revenue of C$54.35 million during the quarter, compared to the consensus estimate of C$55.55 million.

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