KushCo (OTCMKTS:KSHB) Posts Earnings Results, Beats Expectations By $0.02 EPS
KushCo (OTCMKTS:KSHB) posted its earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02, Morningstar.com reports. The company had revenue of $41.50 million for the quarter, compared to the consensus estimate of $40.42 million. KushCo had a negative return on equity of 22.31% and a negative net margin of 17.36%. The firm’s revenue for the quarter was up 221.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) earnings per share.
Shares of OTCMKTS:KSHB opened at $5.07 on Friday. KushCo has a 52-week low of $3.76 and a 52-week high of $7.20. The business has a 50 day moving average price of $4.67. The company has a current ratio of 3.11, a quick ratio of 2.28 and a debt-to-equity ratio of 0.18.
In related news, Chairman Nicholas Kovacevich sold 200,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $5.64, for a total value of $1,128,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 29.50% of the stock is owned by corporate insiders.
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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