Pet Valu Holdings Ltd. (TSE:PET - Free Report) - Equities researchers at Desjardins lowered their Q4 2024 earnings per share estimates for shares of Pet Valu in a research report issued on Tuesday, November 5th. Desjardins analyst C. Li now forecasts that the company will post earnings of $0.38 per share for the quarter, down from their prior estimate of $0.46. The consensus estimate for Pet Valu's current full-year earnings is $1.68 per share. Desjardins also issued estimates for Pet Valu's FY2025 earnings at $1.62 EPS.
Several other research firms have also recently issued reports on PET. TD Securities cut their target price on Pet Valu from C$32.00 to C$30.00 and set a "buy" rating for the company in a research report on Wednesday. Royal Bank of Canada lifted their price objective on shares of Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday. Cibc World Mkts upgraded shares of Pet Valu to a "strong-buy" rating in a research report on Wednesday, August 7th. Cormark downgraded shares of Pet Valu from a "moderate buy" rating to a "hold" rating in a report on Wednesday. Finally, Barclays dropped their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a report on Wednesday.
Get Our Latest Stock Analysis on PET
Pet Valu Stock Up 1.7 %
PET stock traded up C$0.42 during trading on Thursday, reaching C$25.37. The company's stock had a trading volume of 126,091 shares, compared to its average volume of 71,382. The company has a fifty day moving average price of C$25.54. Pet Valu has a 1 year low of C$23.58 and a 1 year high of C$32.90. The firm has a market cap of C$1.82 billion, a P/E ratio of 22.25 and a beta of 0.81.
Pet Valu (TSE:PET - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share for the quarter, topping analysts' consensus estimates of C$0.35 by C$0.06. The business had revenue of C$276.03 million during the quarter, compared to analyst estimates of C$267.68 million. Pet Valu had a net margin of 7.64% and a return on equity of 128.24%.
Pet Valu Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.73%. Pet Valu's payout ratio is 38.60%.
About Pet Valu
(
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Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.
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