Pet Valu Holdings Ltd. (TSE:PET - Free Report) - Equities research analysts at National Bank Financial lowered their FY2024 EPS estimates for Pet Valu in a report released on Tuesday, November 5th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $1.51 per share for the year, down from their prior forecast of $1.52. The consensus estimate for Pet Valu's current full-year earnings is $1.68 per share. National Bank Financial also issued estimates for Pet Valu's Q4 2024 earnings at $0.39 EPS, Q2 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.58 EPS and FY2026 earnings at $1.82 EPS.
A number of other equities analysts have also recently issued reports on the company. Cormark cut Pet Valu from a "moderate buy" rating to a "hold" rating in a report on Wednesday. TD Securities lowered 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. Barclays reduced their price target on shares of Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday. Raymond James lowered their price objective on shares of Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday. Finally, Cibc World Mkts upgraded shares of Pet Valu to a "strong-buy" rating in a research note on Wednesday, August 7th.
Check Out Our Latest Stock Report on PET
Pet Valu Stock Performance
Shares of PET traded up C$0.42 during mid-day trading on Thursday, reaching C$25.37. 126,091 shares of the company's stock traded hands, compared to its average volume of 71,382. The firm's 50-day moving average is C$25.54. Pet Valu has a 12 month low of C$23.58 and a 12 month high of C$32.90. The stock has a market capitalization of C$1.82 billion, a PE ratio of 22.25 and a beta of 0.81.
Pet Valu (TSE:PET - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.35 by C$0.06. Pet Valu had a net margin of 7.64% and a return on equity of 128.24%. The company had revenue of C$276.03 million for the quarter, compared to the consensus estimate of C$267.68 million.
Pet Valu Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Friday, November 29th. Pet Valu's dividend payout ratio (DPR) is presently 38.60%.
About Pet Valu
(
Get Free Report)
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.
See Also
Before you consider Pet Valu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pet Valu wasn't on the list.
While Pet Valu currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
