Analysts Offer Predictions for Pet Valu FY2024 Earnings

Pet Valu Holdings Ltd. (TSE:PET) – Research analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Pet Valu in a report released on Tuesday, November 5th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $1.51 for the year, down from their prior estimate of $1.52. The consensus estimate for Pet Valu’s current full-year earnings is $1.68 per share. National Bank Financial also issued estimates for Pet Valu’s Q4 2024 earnings at $0.39 EPS, Q2 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.58 EPS and FY2026 earnings at $1.82 EPS.

Pet Valu (TSE:PET) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate 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 business had revenue of C$276.03 million during the quarter, compared to the consensus estimate of C$267.68 million.

PET has been the topic of several other reports. TD Securities dropped their target price on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a report on Wednesday. Raymond James decreased their target price on shares of Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday. Cormark lowered shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a research report on Wednesday. Cibc World Mkts upgraded shares of Pet Valu to a “strong-buy” rating in a research report on Wednesday, August 7th. Finally, Barclays cut their price target on Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday.

Pet Valu Trading Up 1.7 %

Shares of Pet Valu stock opened at C$25.37 on Thursday. Pet Valu has a 1 year low of C$23.58 and a 1 year high of C$32.90. The stock has a market capitalization of C$1.82 billion, a PE ratio of 22.25 and a beta of 0.81. The business’s fifty day simple moving average is C$25.54.

Pet Valu Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 yield of 1.73%. The ex-dividend date is Friday, November 29th. Pet Valu’s dividend payout ratio is presently 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.