According to Zacks, “KushCo Holdings Inc. is the parent company to a diverse group of business units primarily in the cannabis, CBD and other related industries. KushCo Holdings’ subsidiaries provide exceptional customer service, product quality, compliancy knowledge and a local presence in serving customer base. The company’s brands include Kush Bottles, a sales platform distributor of packaging, supplies, and accessories. Kush Energy, which provides ultra-pure hydrocarbon gases and solvents to the cannabis and CBD sector. Hybrid Creative, a premier creative design agency for cannabis and non-cannabis ventures and Koleto Packaging Solutions, the research and development arm driving intellectual property development and acquisitions. KushCo Holdings Inc., formerly known as Kush Bottles Inc., is headquartered in Garden Grove, California. “
A number of other analysts have also commented on the company. Canaccord Genuity reissued a “buy” rating and set a $3.50 price target (down from $7.50) on shares of KushCo in a research note on Friday, November 8th. They noted that the move was a valuation call. Compass Point lifted their price target on KushCo from $5.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, Northland Securities restated a “buy” rating and set a $6.00 price objective on shares of KushCo in a research report on Friday, November 8th. Nine equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $6.69.
KushCo (OTCMKTS:KSHB) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. KushCo had a negative return on equity of 35.58% and a negative net margin of 26.35%. The firm had revenue of $46.97 million for the quarter, compared to analyst estimates of $45.56 million. During the same period last year, the firm posted ($0.14) earnings per share. The business’s revenue for the quarter was up 135.3% on a year-over-year basis. On average, sell-side analysts predict that KushCo will post -0.26 earnings per share for the current fiscal year.
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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