Desjardins Has Pessimistic Outlook of Pet Valu Q4 Earnings

Pet Valu Holdings Ltd. (TSE:PET) – Investment analysts at Desjardins decreased their Q4 2024 earnings per share (EPS) estimates for Pet Valu in a research note issued to investors on Tuesday, November 5th. Desjardins analyst C. Li now forecasts that the company will post earnings of $0.38 per share for the quarter, down from their previous forecast of $0.46. The consensus estimate for Pet Valu’s current full-year earnings is $1.68 per share. Desjardins also issued estimates for Pet Valu’s FY2025 earnings at $1.62 EPS.

PET has been the subject of a number of other research reports. Barclays decreased their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a report on Wednesday. Cibc World Mkts raised shares of Pet Valu to a “strong-buy” rating in a research report on Wednesday, August 7th. Cormark lowered Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on Pet Valu from C$34.00 to C$35.00 in a report on Wednesday. Finally, Raymond James lowered their target price on Pet Valu from C$36.00 to C$34.00 in a report on Wednesday.

Pet Valu Stock Performance

TSE:PET opened at C$25.37 on Thursday. The stock’s fifty day simple moving average is C$25.54. The company has a market capitalization of C$1.82 billion, a P/E ratio of 22.25 and a beta of 0.81. Pet Valu has a twelve month low of C$23.58 and a twelve month high of C$32.90.

Pet Valu (TSE:PET) last posted 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 return on equity of 128.24% and a net margin of 7.64%.

Pet Valu Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 annualized dividend and a dividend yield of 1.73%. Pet Valu’s payout ratio is presently 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.