Stifel Canada Forecasts Pet Valu's FY2024 Earnings (TSE:PET)

Pet Valu Holdings Ltd. (TSE:PET - Free Report) - Stifel Canada raised their FY2024 earnings per share (EPS) estimates for shares of Pet Valu in a research note issued to investors on Tuesday, November 5th. Stifel Canada analyst M. Landry now forecasts that the company will post earnings per share of $1.53 for the year, up from their previous estimate of $1.50. The consensus estimate for Pet Valu's current full-year earnings is $1.68 per share. Stifel Canada also issued estimates for Pet Valu's FY2025 earnings at $1.64 EPS and FY2026 earnings at $1.75 EPS.

Pet Valu (TSE:PET - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.35 by C$0.06. The company had revenue of C$276.03 million during the quarter, compared to analysts' expectations of C$267.68 million. Pet Valu had a net margin of 7.64% and a return on equity of 128.24%.

Several other equities research analysts have also weighed in on PET. Royal Bank of Canada increased their target price on Pet Valu from C$34.00 to C$35.00 in a report on Wednesday. TD Securities dropped 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. Cormark cut shares of Pet Valu from a "moderate buy" rating to a "hold" rating in a research note on Wednesday. Raymond James lowered their price target on shares of Pet Valu from C$36.00 to C$34.00 in a report on Wednesday. Finally, Barclays reduced their price objective on Pet Valu from C$28.00 to C$27.00 in a report on Wednesday.

Pet Valu Price Performance

TSE:PET traded up C$0.47 during mid-day trading on Friday, hitting C$25.84. The company's stock had a trading volume of 57,341 shares, compared to its average volume of 71,317. The firm has a market cap of C$1.85 billion, a P/E ratio of 22.25 and a beta of 0.81. 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 fifty day simple moving average of C$25.54.

Pet Valu Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.70%. Pet Valu's dividend payout ratio is 38.60%.

Pet Valu Company Profile

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.