Draganfly (DPRO) Set to Announce Quarterly Earnings on Thursday

Draganfly (NASDAQ:DPRO) is set to release its earnings data after the market closes on Thursday, November 14th. Analysts expect Draganfly to post earnings of ($1.01) per share for the quarter.

Draganfly (NASDAQ:DPRO) last released its earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Draganfly had a negative return on equity of 1,845.76% and a negative net margin of 303.16%. The firm had revenue of $1.27 million during the quarter, compared to analysts’ expectations of $2.07 million. On average, analysts expect Draganfly to post $-5 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Draganfly Price Performance

NASDAQ DPRO traded up $0.03 during trading hours on Wednesday, reaching $2.38. The company’s stock had a trading volume of 9,598 shares, compared to its average volume of 103,600. Draganfly has a 1 year low of $1.55 and a 1 year high of $15.97. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $4.69 million, a price-to-earnings ratio of -0.37 and a beta of 2.24. The firm’s 50-day moving average price is $2.58 and its 200-day moving average price is $4.28.

Wall Street Analysts Forecast Growth

DPRO has been the topic of several research analyst reports. HC Wainwright boosted their target price on shares of Draganfly from $0.50 to $7.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Maxim Group began coverage on shares of Draganfly in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $7.00 price target on the stock.

About Draganfly

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.