FY2024 EPS Estimates for Pet Valu Lifted by Raymond James

Pet Valu Holdings Ltd. (TSE:PET) – Investment analysts at Raymond James boosted their FY2024 EPS estimates for shares of Pet Valu in a research note issued on Tuesday, November 5th. Raymond James analyst M. Glen now forecasts that the company will earn $1.51 per share for the year, up from their prior forecast of $1.45. The consensus estimate for Pet Valu’s current full-year earnings is $1.68 per share.

Other analysts also recently issued reports about the stock. TD Securities reduced their price target on shares of Pet Valu from C$32.00 to C$30.00 and set a “buy” rating for the company in a report on Wednesday. Cormark downgraded shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Barclays dropped their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday. Royal Bank of Canada increased their price objective on shares of Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday. Finally, Cibc World Mkts upgraded shares of Pet Valu to a “strong-buy” rating in a research note on Wednesday, August 7th.

Pet Valu Trading Up 1.7 %

Shares of Pet Valu stock opened at C$25.37 on Friday. Pet Valu has a fifty-two week low of C$23.58 and a fifty-two week high of C$32.90. The firm has a fifty day moving average of C$25.54. The company has a market cap of C$1.82 billion, a P/E ratio of 22.25 and a beta of 0.81.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share for the quarter, beating 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 during 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. Stockholders of record on Friday, November 29th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, November 29th. Pet Valu’s dividend payout ratio is 38.60%.

About Pet Valu

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.