Cormark Estimates Kraken Robotics’ FY2024 Earnings (CVE:PNG)

Kraken Robotics Inc. (CVE:PNG) – Cormark decreased their FY2024 earnings per share (EPS) estimates for Kraken Robotics in a report released on Monday, October 28th. Cormark analyst N. Boychuk now forecasts that the company will earn $0.05 per share for the year, down from their previous forecast of $0.06. The consensus estimate for Kraken Robotics’ current full-year earnings is $0.07 per share. Cormark also issued estimates for Kraken Robotics’ FY2026 earnings at $0.16 EPS.

Kraken Robotics (CVE:PNG) last announced its quarterly earnings data on Thursday, August 22nd. The company reported C$0.01 EPS for the quarter. Kraken Robotics had a net margin of 10.51% and a return on equity of 23.24%. The company had revenue of C$22.76 million during the quarter, compared to the consensus estimate of C$24.60 million.

Kraken Robotics Price Performance

Shares of PNG opened at C$1.97 on Tuesday. The company has a current ratio of 2.71, a quick ratio of 0.64 and a debt-to-equity ratio of 37.39. The stock’s 50 day moving average is C$1.65 and its two-hundred day moving average is C$1.28. Kraken Robotics has a twelve month low of C$0.45 and a twelve month high of C$2.00. The firm has a market capitalization of C$453.36 million, a PE ratio of 39.40 and a beta of 1.15.

Insider Activity

In related news, Senior Officer David Shea sold 142,500 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$1.57, for a total value of C$223,782.00. Insiders own 10.13% of the company’s stock.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.