Hydrofarm Holdings Group (NASDAQ:HYFM) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Hydrofarm Holdings Group (NASDAQ:HYFMGet Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01, Zacks reports. Hydrofarm Holdings Group had a negative return on equity of 16.76% and a negative net margin of 28.60%. The firm had revenue of $54.17 million during the quarter, compared to analyst estimates of $49.00 million. During the same period last year, the company posted ($0.34) EPS.

Hydrofarm Holdings Group Stock Down 5.3 %

Shares of HYFM stock traded down $0.05 during trading on Wednesday, hitting $0.89. 534,275 shares of the company were exchanged, compared to its average volume of 186,694. The business’s 50-day simple moving average is $0.92 and its 200 day simple moving average is $0.92. Hydrofarm Holdings Group has a twelve month low of $0.67 and a twelve month high of $1.64. The firm has a market capitalization of $40.92 million, a price-to-earnings ratio of -0.62 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 3.40.

Hydrofarm Holdings Group Company Profile

(Get Free Report)

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.

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Earnings History for Hydrofarm Holdings Group (NASDAQ:HYFM)

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