FY2023 Earnings Forecast for Organto Foods Inc. Issued By Clarus Securities (CVE:OGO)

Posted by on Jun 5th, 2023

Organto Foods Inc. (CVE:OGO – Get Rating) – Investment analysts at Clarus Securities raised their FY2023 earnings per share (EPS) estimates for shares of Organto Foods in a report issued on Wednesday, May 31st. Clarus Securities analyst G. Ulybyshev now expects that the company will post earnings of ($0.02) per share for the year, up from their prior forecast of ($0.03). The consensus estimate for Organto Foods’ current full-year earnings is ($0.03) per share. Clarus Securities also issued estimates for Organto Foods’ FY2024 earnings at ($0.01) EPS.

Separately, Atrium Research reissued a “buy” rating on shares of Organto Foods in a report on Wednesday, May 10th.

Organto Foods Stock Performance

Shares of OGO opened at C$0.09 on Monday. The company has a debt-to-equity ratio of 7,545.02, a quick ratio of 1.14 and a current ratio of 1.54. The stock has a 50 day moving average price of C$0.11 and a two-hundred day moving average price of C$0.12. The firm has a market capitalization of C$25.69 million, a P/E ratio of -2.25 and a beta of 0.30. Organto Foods has a 52 week low of C$0.07 and a 52 week high of C$0.16.

Organto Foods Company Profile

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Organto Foods Inc engages in the sourcing, processing, packaging, distribution, and marketing of organic and value-added fruit and vegetable products. Its products include vegetable and fruit products comprising asparagus, avocado, blueberries, fine beans, ginger, herbs, mangetout, mango, limes, passion fruit, raspberries, sugar snaps and other products, as well as convenience and to-go, vegetables mix, and meal kit under the I AM Organic and Fresh Organic Choice brands.

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