Pet Valu FY2024 EPS Raised by National Bank Financial

Pet Valu Holdings Ltd. (TSE:PET - Free Report) - Research analysts at National Bank Financial boosted their FY2024 earnings per share estimates for shares of Pet Valu in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $1.52 for the year, up from their prior estimate of $1.51. 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 $0.40 EPS and FY2025 earnings at $1.60 EPS.

Other equities analysts have also recently issued reports about the stock. Raymond James dropped their price objective on shares of Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price objective on shares of Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday, November 6th. Cormark downgraded Pet Valu from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Barclays dropped their price objective on Pet Valu from C$28.00 to C$27.00 in a report on Wednesday, November 6th. Finally, TD Securities reduced their target price on Pet Valu from C$32.00 to C$30.00 and set a "buy" rating for the company in a report on Wednesday, November 6th.

Pet Valu Price Performance

Shares of TSE:PET traded down C$0.35 during trading on Thursday, reaching C$24.45. The company had a trading volume of 42,112 shares, compared to its average volume of 46,686. The firm's fifty day moving average price is C$25.45. Pet Valu has a fifty-two week low of C$23.58 and a fifty-two week high of C$32.90. The company has a market cap of C$1.74 billion, a price-to-earnings ratio of 20.16 and a beta of 0.81.

Pet Valu Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, November 29th. Pet Valu's dividend payout ratio is currently 36.27%.

About Pet Valu

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.