FY2024 EPS Estimates for Pet Valu Reduced by Analyst

Pet Valu Holdings Ltd. (TSE:PET) – Investment analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Pet Valu in a note issued to investors on Tuesday, November 5th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $1.51 per share for the year, down from their previous 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 announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.41 EPS for the quarter, beating the consensus estimate of C$0.35 by C$0.06. The company had revenue of C$276.03 million for the quarter, compared to the consensus estimate of C$267.68 million. Pet Valu had a net margin of 7.64% and a return on equity of 128.24%.

Several other research analysts have also recently weighed in on the company. TD Securities decreased their price target on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays decreased their target price on Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday. Cormark downgraded shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Cibc World Mkts raised shares of Pet Valu to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their target price on shares of Pet Valu from C$34.00 to C$35.00 in a report on Wednesday.

Pet Valu Stock Up 1.9 %

Shares of PET opened at C$25.84 on Thursday. Pet Valu has a twelve month low of C$23.58 and a twelve month high of C$32.90. The company has a market capitalization of C$1.85 billion, a P/E ratio of 22.67 and a beta of 0.81. The firm’s 50 day moving average price is C$25.57.

Pet Valu Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, November 29th. Pet Valu’s payout ratio is 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.