FY2025 EPS Estimates for HEXO Corp. (NYSE:HEXO) Cut by Analyst

HEXO Corp. (NYSE:HEXOGet Rating) – Investment analysts at Jefferies Financial Group lowered their FY2025 EPS estimates for shares of HEXO in a research note issued on Tuesday, November 8th. Jefferies Financial Group analyst O. Bennett now expects that the company will post earnings of $0.00 per share for the year, down from their prior forecast of $0.01. The consensus estimate for HEXO’s current full-year earnings is ($0.06) per share. Jefferies Financial Group also issued estimates for HEXO’s FY2026 earnings at $0.02 EPS.

HEXO Stock Performance

Shares of HEXO stock opened at $0.18 on Thursday. HEXO has a 1 year low of $0.17 and a 1 year high of $1.88. The firm has a fifty day moving average price of $0.18 and a 200-day moving average price of $0.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.81 and a quick ratio of 0.57. The company has a market cap of $108.18 million, a price-to-earnings ratio of -0.08 and a beta of 1.05.

Institutional Investors Weigh In On HEXO

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC grew its position in shares of HEXO by 184.5% during the 2nd quarter. Millennium Management LLC now owns 860,731 shares of the company’s stock valued at $181,000 after acquiring an additional 558,231 shares during the period. Renaissance Technologies LLC purchased a new position in shares of HEXO during the 2nd quarter valued at $796,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of HEXO by 48.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,622,055 shares of the company’s stock valued at $1,805,000 after buying an additional 2,795,755 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of HEXO by 91.9% during the 1st quarter. Virtu Financial LLC now owns 430,007 shares of the company’s stock valued at $267,000 after buying an additional 205,943 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of HEXO by 10.9% during the 1st quarter. Royal Bank of Canada now owns 428,874 shares of the company’s stock valued at $266,000 after buying an additional 42,220 shares in the last quarter. Institutional investors own 7.80% of the company’s stock.

About HEXO

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HEXO Corp., through its subsidiaries, produces, markets, and sells cannabis in Canada. The company offers its adult-use and medical products under the HEXO brand name. It also provides cannabis beverages under the Little Victory, House of Terpenes, Mollo, Veryvell, and XMG brands; and cannabis products under UP Cannabis, Original Stash, and Up brand names.

See Also

Earnings History and Estimates for HEXO (NYSE:HEXO)

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