Cormark Issues Negative Outlook for Kraken Robotics Earnings

Kraken Robotics Inc. (CVE:PNG) – Equities researchers at Cormark reduced their FY2026 EPS estimates for shares of Kraken Robotics in a research report issued on Tuesday, July 8th. Cormark analyst N. Boychuk now expects that the company will post earnings of $0.15 per share for the year, down from their previous forecast of $0.17. The consensus estimate for Kraken Robotics’ current full-year earnings is $0.07 per share. Cormark also issued estimates for Kraken Robotics’ FY2027 earnings at $0.23 EPS.

Several other equities analysts have also issued reports on the stock. National Bank Financial raised shares of Kraken Robotics to a “strong-buy” rating in a report on Wednesday, April 23rd. Desjardins raised shares of Kraken Robotics to a “moderate buy” rating in a report on Monday, July 7th. Finally, National Bankshares set a C$3.00 price objective on shares of Kraken Robotics and gave the company an “outperform” rating in a research report on Thursday, April 24th.

Kraken Robotics Price Performance

Shares of PNG stock opened at C$3.49 on Thursday. Kraken Robotics has a 12-month low of C$1.09 and a 12-month high of C$3.56. The firm has a market capitalization of C$948.84 million, a price-to-earnings ratio of 92.34 and a beta of 1.15. The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32. The firm has a fifty day moving average of C$2.71 and a 200-day moving average of C$2.57.

Insider Buying and Selling

In related news, Senior Officer Gregory Michael Reid sold 261,600 shares of the business’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of C$2.88, for a total value of C$753,408.00. Corporate insiders own 10.13% of the company’s stock.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.