FY2026 EPS Estimates for High Tide Cut by Zacks Research

High Tide Inc. (NASDAQ:HITI) – Equities researchers at Zacks Research reduced their FY2026 EPS estimates for shares of High Tide in a research report issued on Monday, June 22nd. Zacks Research analyst T. Kerr now expects that the company will post earnings of $0.03 per share for the year, down from their previous forecast of $0.04. The consensus estimate for High Tide’s current full-year earnings is $0.03 per share. Zacks Research also issued estimates for High Tide’s FY2027 earnings at $0.11 EPS.

High Tide (NASDAQ:HITI) last released its quarterly earnings data on Monday, June 15th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $131.91 million during the quarter, compared to analysts’ expectations of $125.93 million. High Tide had a negative net margin of 6.62% and a positive return on equity of 3.59%.

A number of other research firms have also commented on HITI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of High Tide in a research report on Tuesday, April 21st. Canaccord Genuity Group boosted their price objective on High Tide from $7.00 to $7.25 and gave the company a “buy” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.25.

High Tide Stock Down 0.2%

NASDAQ:HITI opened at $2.27 on Wednesday. High Tide has a 1 year low of $2.12 and a 1 year high of $4.06. The company has a current ratio of 1.46, a quick ratio of 0.66 and a debt-to-equity ratio of 0.89. The stock has a market cap of $199.90 million, a price-to-earnings ratio of -7.34 and a beta of 0.58. The stock has a 50-day moving average price of $2.38 and a two-hundred day moving average price of $2.45.

Hedge Funds Weigh In On High Tide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new stake in shares of High Tide in the 4th quarter valued at about $72,000. StoneX Group Inc. acquired a new position in shares of High Tide during the second quarter worth about $46,000. Murchinson Ltd. acquired a new position in shares of High Tide during the second quarter worth about $398,000. Boothbay Fund Management LLC bought a new position in shares of High Tide during the second quarter worth about $110,000. Finally, Osaic Holdings Inc. grew its holdings in shares of High Tide by 82,976.9% during the second quarter. Osaic Holdings Inc. now owns 10,800 shares of the company’s stock worth $25,000 after buying an additional 10,787 shares in the last quarter. 4.52% of the stock is owned by institutional investors and hedge funds.

About High Tide

High Tide Inc (NASDAQ: HITI) is an omnichannel retailer and branded consumer packaged goods company serving the regulated cannabis market. The company operates a network of licensed cannabis retail stores across Canada, offering a curated assortment of cannabis flower, pre-rolls, vapes and lifestyle accessories. In parallel, High Tide maintains an e-commerce platform that delivers hemp-derived products, vaporizers, glassware and other ancillary goods to consumers in multiple jurisdictions.

Within Canada, High Tide’s retail division includes banners such as Canna Cabana, Meta Cannabis Supply Co and The Hunny Pot, each designed to provide differentiated in-store experiences.