Brokers Offer Predictions for KushCo Holdings Inc’s FY2020 Earnings (KSHB)

KushCo Holdings Inc (OTCMKTS:KSHB) – Seaport Global Securities decreased their FY2020 earnings per share estimates for KushCo in a report released on Friday, April 12th. Seaport Global Securities analyst B. Hundley now forecasts that the company will post earnings per share of $0.11 for the year, down from their previous estimate of $0.12. Seaport Global Securities has a “Buy” rating and a $10.00 price objective on the stock.

KSHB has been the topic of several other research reports. Zacks Investment Research cut KushCo from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Northland Securities set a $9.00 price objective on KushCo and gave the company a “buy” rating in a report on Friday. Finally, ValuEngine upgraded KushCo from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.06.



KushCo stock opened at $5.65 on Monday. KushCo has a 1 year low of $3.76 and a 1 year high of $7.20. The stock has a market cap of $497.31 million, a PE ratio of -35.31 and a beta of 1.42.

In other KushCo news, Chairman Nicholas Kovacevich sold 200,000 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $5.86, for a total value of $1,172,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dallas Imbimbo sold 310,826 shares of the company’s stock in a transaction on Thursday, January 17th. The shares were sold at an average price of $5.72, for a total value of $1,777,924.72. The disclosure for this sale can be found here. Insiders have sold a total of 843,252 shares of company stock worth $4,809,362 over the last three months. 29.50% of the stock is owned by insiders.

About KushCo

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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