SNDL (NASDAQ:SNDL) Issues Earnings Results

SNDL (NASDAQ:SNDL) posted its earnings results on Thursday. The company reported ($0.01) EPS for the quarter, Zacks reports. SNDL had a negative return on equity of 9.98% and a negative net margin of 14.99%. The company had revenue of $166.73 million during the quarter, compared to the consensus estimate of $175.76 million. During the same period last year, the firm posted ($0.08) EPS.

SNDL Trading Down 4.5 %

Shares of SNDL stock traded down $0.10 during mid-day trading on Friday, reaching $2.11. 4,264,464 shares of the company’s stock traded hands, compared to its average volume of 4,624,355. SNDL has a 12 month low of $1.30 and a 12 month high of $2.93. The firm has a 50 day moving average price of $2.07 and a two-hundred day moving average price of $1.87. The company has a current ratio of 4.22, a quick ratio of 2.86 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group initiated coverage on shares of SNDL in a research report on Wednesday, July 17th. They set a “speculative buy” rating and a $3.25 price objective for the company.

SNDL Company Profile

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.