Roth Capital Decreases Earnings Estimates for Ayr Wellness

Ayr Wellness Inc. (CVE:AYR) – Analysts at Roth Capital dropped their FY2024 earnings per share estimates for shares of Ayr Wellness in a research note issued to investors on Wednesday, November 13th. Roth Capital analyst W. Kirk now expects that the company will post earnings per share of ($1.93) for the year, down from their prior forecast of ($1.69). Roth Capital currently has a “Strong-Buy” rating on the stock. Roth Capital also issued estimates for Ayr Wellness’ Q4 2024 earnings at ($0.47) EPS, Q1 2025 earnings at ($0.44) EPS, Q2 2025 earnings at ($0.43) EPS, Q3 2025 earnings at ($0.41) EPS, Q4 2025 earnings at ($0.41) EPS and FY2025 earnings at ($1.70) EPS.

Other research analysts have also issued research reports about the stock. Atb Cap Markets lowered shares of Ayr Wellness from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Ventum Cap Mkts raised shares of Ayr Wellness to a “strong-buy” rating in a report on Wednesday, August 7th.

Ayr Wellness Price Performance

Insiders Place Their Bets

In other news, Senior Officer Jr. Mendola Robert James sold 19,163 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$2.82, for a total value of C$54,039.66. Also, insider Millstreet Credit Fund LP acquired 1,170,000 shares of Ayr Wellness stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of C$1.09 per share, with a total value of C$1,273,718.16.

About Ayr Wellness

Aircastle Ltd. engages in the lease, finance, sale, and management of commercial flight equipment. It employs a balanced approach to investment and capitalization. The company was founded on October 29, 2004 and is headquartered in Stamford, CT.