Raymond James Predicts Pet Valu's FY2024 Earnings (TSE:PET)

Pet Valu Holdings Ltd. (TSE:PET - Free Report) - Research analysts at Raymond James upped their FY2024 earnings per share estimates for shares of Pet Valu in a research note issued on Tuesday, November 5th. Raymond James analyst M. Glen now forecasts that the company will earn $1.51 per share for the year, up from their previous estimate of $1.45. The consensus estimate for Pet Valu's current full-year earnings is $1.68 per share.

Pet Valu (TSE:PET - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.41 EPS for the quarter, beating analysts' consensus estimates of C$0.35 by C$0.06. The company had revenue of C$276.03 million during the quarter, compared to the consensus estimate of C$267.68 million. Pet Valu had a net margin of 7.64% and a return on equity of 128.24%.

PET has been the topic of a number of other reports. Cibc World Mkts raised Pet Valu to a "strong-buy" rating in a report on Wednesday, August 7th. Cormark lowered shares of Pet Valu from a "moderate buy" rating to a "hold" rating in a research report on Wednesday. TD Securities cut their target price on shares of Pet Valu from C$32.00 to C$30.00 and set a "buy" rating for the company in a research note on Wednesday. Royal Bank of Canada increased their price target on shares of Pet Valu from C$34.00 to C$35.00 in a report on Wednesday. Finally, Barclays reduced their price objective on Pet Valu from C$28.00 to C$27.00 in a report on Wednesday.

Pet Valu Stock Up 1.9 %

TSE PET traded up C$0.47 during trading on Friday, reaching C$25.84. 57,341 shares of the company's stock were exchanged, compared to its average volume of 71,317. The firm's 50 day simple moving average is C$25.54. The firm has a market capitalization of C$1.85 billion, a PE ratio of 22.25 and a beta of 0.81. Pet Valu has a fifty-two week low of C$23.58 and a fifty-two week high of C$32.90.

Pet Valu Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 annualized dividend and a dividend yield of 1.70%. Pet Valu's dividend payout ratio is presently 38.60%.

Pet Valu Company Profile

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.