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Petco Health and Wellness (NASDAQ:WOOF) Issues Quarterly Earnings Results

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Petco Health and Wellness (NASDAQ:WOOF - Get Free Report) announced 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 firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations 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%. The company's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share.

Petco Health and Wellness Trading Down 7.8 %

Shares of WOOF traded down $0.25 during midday trading on Friday, reaching $2.96. The company had a trading volume of 8,933,586 shares, compared to its average volume of 4,559,663. The firm has a 50 day simple moving average of $2.97 and a 200-day simple moving average of $3.92. 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 stock has a market cap of $927.81 million, a PE ratio of -7.40 and a beta of 1.92. Petco Health and Wellness has a 1-year low of $1.41 and a 1-year high of $6.29.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group dropped their price objective on shares of Petco Health and Wellness from $5.50 to $3.25 and set a "neutral" rating on the stock in a report on Thursday. Robert W. Baird cut their price target on Petco Health and Wellness from $5.00 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday. Wells Fargo & Company boosted their price objective on Petco Health and Wellness from $3.00 to $5.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. StockNews.com upgraded Petco Health and Wellness from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Finally, Wedbush decreased their price target on Petco Health and Wellness from $6.00 to $4.00 and set an "outperform" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $3.85.

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View Our Latest Analysis on WOOF

About Petco Health and Wellness

(Get Free Report)

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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Earnings History for Petco Health and Wellness (NASDAQ:WOOF)

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