Petco Health & Wellness (NASDAQ:WOOF – Get Free Report ) issued an update to its second quarter earnings guidance on Wednesday morning. The company issued earnings per share (EPS) guidance for the period of ($0.02), which beat the consensus estimate of ($0.02). The company issued revenue guidance of $1.525 billion, which beat the consensus estimate of $1.520 billion. Petco Health & Wellness updated its Q2 2024 guidance to -0.020 to 0.020 EPS.
Petco Health & Wellness shares rose 10.1%
NASDAQ WOOF’s shares opened trading at $3.17 on Friday. The stock has a market cap of $974.36 million, a P/E ratio of -0.64 and a beta of 1.27. The company’s 50-day moving average is $1.92 and its 200-day moving average is $2.61. Petco Health and Wellness’s 52-week low is $1.41 and its 52-week high is $9.74. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.24 and a current ratio of 0.85.
Petco Health and Wellness (NASDAQ:WOOF – get free report ) last released its quarterly earnings data on Wednesday, March 13th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Petco Health and Wellness had a negative ROE of -4.22% and a negative net margin of -21.27%. The company had revenue of $1.67 billion for the quarter, compared to analyst expectations of $1.63 billion. Year-over-year EPS was $0.17. The company’s quarterly revenue grew 6.1% year-over-year. Equity research analysts expect Petco Health and Wellness to post earnings per share of -$0.23 for the current quarter.
Analysts Set New Price Targets
A number of research firms have recently issued their opinions on WOOF. Citigroup lowered their price target on Petco Health & Wellness from $2.85 to $1.75 and gave the stock a neutral rating in a research note on Tuesday, May 7th. 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. Evercore ISI lowered their price target on Petco Health & Wellness from $4.00 to $3.00 and gave the stock an in-line rating in a report on Friday, March 15th. UBS Group raised their price target on Petco Health & Wellness from $2.50 to $3.25 and gave the stock a neutral rating in a report on Thursday. Finally, Royal Bank lowered their price target on Petco Health & Wellness from $3.50 to $2.70 and gave the stock an outperform rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, nine have rated it with a hold rating, and four have rated it with a buy rating. According to data from MarketBeat.com, the stock has an average rating of hold, with his average target price being $3.07.
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Petco Health & Wellness Company Profile
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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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