Pet Valu Holdings Ltd. (TSE:PET - Free Report) - Raymond James dropped their Q4 2024 earnings per share (EPS) estimates for Pet Valu in a research report issued to clients and investors on Tuesday, November 5th. Raymond James analyst M. Glen now expects that the company will earn $0.39 per share for the quarter, down from their previous forecast of $0.45. The consensus estimate for Pet Valu's current full-year earnings is $1.68 per share. Raymond James also issued estimates for Pet Valu's FY2025 earnings at $1.50 EPS.
Several other analysts also recently weighed in on the company. Cibc World Mkts upgraded Pet Valu to a "strong-buy" rating in a research note on Wednesday, August 7th. TD Securities cut their target price on Pet Valu from C$32.00 to C$30.00 and set a "buy" rating on the stock in a research note on Wednesday. Royal Bank of Canada lifted their price target on Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday. Barclays cut their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday. Finally, Cormark cut shares of Pet Valu from a "moderate buy" rating to a "hold" rating in a report on Wednesday.
Get Our Latest Stock Analysis on PET
Pet Valu Price Performance
PET traded up C$0.42 during midday trading on Thursday, reaching C$25.37. The company's stock had a trading volume of 126,091 shares, compared to its average volume of 71,382. The company's 50-day simple moving average is C$25.54. Pet Valu has a 1 year low of C$23.58 and a 1 year high of C$32.90. The company has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 22.25 and a beta of 0.81.
Pet Valu (TSE:PET - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share for the quarter, topping analysts' consensus estimates 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 firm 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 given 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 1.73%. Pet Valu's dividend payout ratio (DPR) is presently 38.60%.
Pet Valu Company Profile
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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.
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