Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.07), Briefing.com reports. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Petco Health and Wellness had a negative return on equity of 5.40% and a negative net margin of 1.77%. Petco Health and Wellness's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 EPS.
Petco Health and Wellness Stock Down 7.8 %
Shares of WOOF traded down $0.25 during mid-day trading on Friday, reaching $2.96. 8,933,586 shares of the stock traded hands, compared to its average volume of 4,559,663. The stock has a fifty day simple moving average of $2.97 and a 200 day simple moving average of $3.92. Petco Health and Wellness has a 12-month low of $1.41 and a 12-month high of $6.29. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. The firm has a market cap of $927.81 million, a price-to-earnings ratio of -7.40 and a beta of 1.92.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on WOOF shares. Citigroup cut their price objective on shares of Petco Health and Wellness from $5.00 to $2.75 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. Wedbush lowered their price objective on shares of Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a research note on Thursday. Royal Bank of Canada cut their target price on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating on the stock in a research report on Thursday. Wells Fargo & Company upped their price target on Petco Health and Wellness from $3.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Finally, UBS Group cut their price objective on Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $3.85.
Read Our Latest Analysis on Petco Health and Wellness
About Petco Health and Wellness
(
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Petco Health and Wellness Company, Inc, operates as a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners in the United States, Mexico, and Puerto Rico. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.
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