Tilray (TLRY) Posts Earnings Results, Misses Expectations By $0.02 EPS

Tilray (NASDAQ:TLRY) released its earnings results on Tuesday. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02), Briefing.com reports. Tilray had a negative return on equity of 58.43% and a negative net margin of 157.05%. The business had revenue of $23.00 million during the quarter, compared to the consensus estimate of $20.50 million. The company’s quarterly revenue was up 194.9% on a year-over-year basis.

TLRY stock traded down $2.34 during trading hours on Wednesday, hitting $46.40. The company’s stock had a trading volume of 2,209,723 shares, compared to its average volume of 1,186,591. The company has a quick ratio of 20.75, a current ratio of 21.37 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $4.50 billion and a price-to-earnings ratio of -56.59. Tilray has a 12 month low of $20.10 and a 12 month high of $300.00.

In other Tilray news, CFO Mark Castaneda sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $51.72, for a total value of $517,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Edward Wood Pastorius, Jr. sold 3,443 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $61.04, for a total transaction of $210,160.72. The disclosure for this sale can be found here. Insiders sold 196,109 shares of company stock valued at $12,522,598 over the last three months. Insiders own 3.40% of the company’s stock.



TLRY has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Tilray from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Seaport Global Securities initiated coverage on shares of Tilray in a report on Thursday, February 21st. They set a “neutral” rating and a $81.10 price target on the stock. Roth Capital upgraded shares of Tilray from a “neutral” rating to a “buy” rating in a report on Wednesday, February 20th. Jefferies Financial Group initiated coverage on shares of Tilray in a report on Friday, March 8th. They set an “underperform” rating and a $61.00 price target on the stock. Finally, Piper Jaffray Companies set a $90.00 price target on shares of Tilray and gave the company a “buy” rating in a report on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $89.71.

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About Tilray

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Nanaimo, Canada.

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