Organigram (OGI) to Release Quarterly Earnings on Tuesday

Organigram (TSE:OGIGet Free Report) is scheduled to be announcing its earnings results before the market opens on Tuesday, February 13th. Analysts expect the company to announce earnings of C($0.13) per share for the quarter.

Organigram (TSE:OGIGet Free Report) last announced its earnings results on Tuesday, December 19th. The company reported C($0.06) earnings per share (EPS) for the quarter. The business had revenue of C$46.04 million for the quarter. Organigram had a negative return on equity of 54.53% and a negative net margin of 153.80%.

Organigram Stock Up 5.8 %

OGI stock opened at C$3.08 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.95 and a quick ratio of 2.62. The company’s 50 day simple moving average is C$2.07 and its 200-day simple moving average is C$1.91. Organigram has a 12 month low of C$1.35 and a 12 month high of C$4.64. The firm has a market capitalization of C$289.67 million, a PE ratio of -1.23, a P/E/G ratio of 0.42 and a beta of 1.47.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Alliance Global Partners dropped their price target on Organigram from C$2.25 to C$2.00 in a research report on Wednesday, December 20th. ATB Capital upped their target price on shares of Organigram from C$5.50 to C$6.50 and gave the company an “outperform” rating in a report on Wednesday, December 20th. Finally, Canaccord Genuity Group lowered their price target on shares of Organigram from C$4.00 to C$3.75 in a report on Wednesday, December 20th.

Check Out Our Latest Stock Report on Organigram

Organigram Company Profile

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Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.

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Earnings History for Organigram (TSE:OGI)

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