Cormark downgraded shares of Curaleaf (OTCMKTS:CURLF – Free Report) from a moderate buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.
Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $6.25 price target on shares of Curaleaf in a report on Thursday, August 8th.
Check Out Our Latest Analysis on CURLF
Curaleaf Stock Down 5.5 %
Curaleaf (OTCMKTS:CURLF – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $342.29 million during the quarter, compared to the consensus estimate of $344.57 million. Curaleaf had a negative net margin of 14.82% and a negative return on equity of 13.35%. Equities analysts forecast that Curaleaf will post -0.24 earnings per share for the current fiscal year.
About Curaleaf
Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower, pre-rolls, flower pots, and dry-herb vaporizer cartridges; concentrates for vaporizing which includes pre-filled vaporizer cartridges and disposable vaporizer pens; and concentrates for dabbing, such as mints, distillate droppers, mints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.
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