KushCo (KSHB) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

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.



Several research analysts have recently weighed in on the company. ValuEngine cut KushCo from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Canaccord Genuity began coverage on KushCo in a report on Tuesday, December 4th. They set a “speculative buy” rating and a $7.50 target price on the stock. Northland Securities began coverage on shares of KushCo in a research report on Wednesday, October 10th. They set an “outperform” rating and a $8.75 price target on the stock. Finally, Zacks Investment Research lowered shares of KushCo from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st.

COPYRIGHT VIOLATION WARNING: “KushCo (KSHB) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS” was posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://dakotafinancialnews.com/2019/01/10/kushco-kshb-posts-quarterly-earnings-results-misses-estimates-by-0-06-eps.html.

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.

Read More: Systematic Risk and Investors

Receive News & Ratings for KushCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KushCo and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply