Petco Health & Wellness (NASDAQ:WOOF – Get Free Report ) on Wednesday updated its earnings outlook for the second quarter of 2024. The company issued an earnings per share guidance of -0.020 to 0.020 for the period, which beats the consensus earnings per share estimate of -0.020. The company issued revenue guidance of $1.5 billion to $1.5 billion, which beats the consensus estimate of $1.5 billion. Petco Health & Wellness updated its second quarter outlook to earnings per share of $(0.02).
Analyst Rating Changes
Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a buy rating and set a $5.00 price target on shares of Petco Health & Wellness in a research report on Thursday. Royal Bank raised their price target on shares of Petco Health & Wellness from $2.70 to $3.00 and gave the stock an outperform rating in a report on Friday. UBS Group raised their price target on shares of Petco Health & Wellness from $2.50 to $3.25 and gave the stock a neutral rating in a report on Thursday. Wedbush raised their price target on Petco Health & Wellness from $3.00 to $4.00 and gave the stock an outperform rating in a report on Thursday. Finally, Robert W. Baird lowered their price target on shares of Petco Health & Wellness from $3.00 to $2.50 and set a neutral rating on the stock in a research note on Thursday, March 14. One analyst has rated the stock as a sell, nine have rated it as a hold, and four have rated it as a buy. According to MarketBeat data, the stock currently has an average rating of “hold” and a consensus target price of $3.09.
Check out our latest stock analysis for Petco Health and Wellness
Petco Health & Wellness shares rise 12.9%
NASDAQ:WOOF opened trading at $3.58 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.85 and a quick ratio of 0.24. Petco Health and Wellness’s one year low is $1.41 and its one year high is $9.74. The company’s 50 day simple moving average is $1.95 and its 200 day simple moving average is $2.61. The company has a market cap of $1.1 billion, a P/E ratio of -0.73 and a beta of 1.27.
Petco Health and Wellness (NASDAQ:WOOF – get free report ) released its quarterly earnings on Wednesday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Petco Health and Wellness had a net margin of -21.27% and a return on equity of -4.22%. The company’s quarterly revenue was $1.67 billion, beating the consensus estimate of $1.63 billion. During the same period last year, the company’s EPS was $0.17. The company’s quarterly revenue was up 6.1% year over year. On average, research analysts expect Petco Health and Wellness to post earnings per share of -$0.23 for the current year.
About Petco Health and Wellness
(Get your free report)
Petco Health and Wellness Company, Inc. operates as a health and wellness company focused on improving the lives of pets, pet owners and Petco partners in the United States, Mexico and Puerto Rico. The company offers veterinary care, grooming, training, telehealth, Vital Care, pet health insurance services and veterinary services through the Vetco Mobile Clinic.
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