GrowGeneration (GRWG) Posts Quarterly Earnings Results, Hits Expectations

GrowGeneration (OTCMKTS:GRWG) released its earnings results on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02), Morningstar.com reports. GrowGeneration had a negative return on equity of 28.02% and a negative net margin of 19.80%. The firm had revenue of $8.41 million during the quarter, compared to analysts’ expectations of $9.37 million.

Shares of OTCMKTS:GRWG traded down $0.27 during trading on Friday, hitting $3.85. 90,512 shares of the company’s stock were exchanged, compared to its average volume of 121,005. The company has a current ratio of 10.38, a quick ratio of 7.28 and a debt-to-equity ratio of 0.19. GrowGeneration has a 52-week low of $1.75 and a 52-week high of $20.00. The stock has a market capitalization of $114.46 million and a P/E ratio of -21.39.

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GrowGeneration Company Profile

GrowGeneration Corp., through its subsidiaries, operates retail hydroponic stores. It offers farming soil, hydroponic equipment, lighting, plant nutrients, and various other products. The company serves home growers of organic vegetables and fruits, do-it yourselfers, and growers in the cannabis related markets.

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Earnings History for GrowGeneration (OTCMKTS:GRWG)

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