KushCo (OTCMKTS:KSHB) issued its earnings results on Tuesday. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.06), Briefing.com reports. The company had revenue of $25.32 million for the quarter, compared to analyst estimates of $18.76 million. KushCo had a negative return on equity of 15.98% and a negative net margin of 19.58%. The business’s quarterly revenue was up 186.2% on a year-over-year basis.
KSHB stock opened at $6.18 on Thursday. The company has a market cap of $455.56 million and a PE ratio of -38.63. KushCo has a one year low of $3.76 and a one year high of $8.51.
In other KushCo news, Director Dallas Imbimbo sold 65,000 shares of the business’s stock in a transaction that occurred on Thursday, October 18th. The stock was sold at an average price of $5.91, for a total value of $384,150.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Nicholas Kovacevich sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $6.04, for a total value of $1,208,000.00. The disclosure for this sale can be found here. 29.50% of the stock is currently owned by insiders.
KushCo Company Profile
KushCo Holdings, Inc primarily engages in the wholesale distribution of packaging supplies in the United States, Canada, Europe, and internationally. The company offers pop-top bottles; child resistant exit, paper exit, and foil barrier bags; tubes; and polystyrene, silicone-lined polystyrene or glass containers.
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