FY2024 EPS Estimates for Pet Valu Increased by Stifel Canada

Pet Valu Holdings Ltd. (TSE:PET) – Research analysts at Stifel Canada boosted their FY2024 EPS estimates for Pet Valu in a research note issued to investors on Tuesday, November 5th. Stifel Canada analyst M. Landry now expects that the company will post earnings of $1.53 per share for the year, up from their prior estimate of $1.50. The consensus estimate for Pet Valu’s current full-year earnings is $1.68 per share. Stifel Canada also issued estimates for Pet Valu’s FY2025 earnings at $1.64 EPS and FY2026 earnings at $1.75 EPS.

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

Pet Valu Stock Up 1.9 %

Pet Valu stock opened at C$25.84 on Friday. The business has a 50-day simple moving average of C$25.57. Pet Valu has a 52 week low of C$23.58 and a 52 week high of C$32.90. The company has a market capitalization of C$1.85 billion, a price-to-earnings ratio of 22.67 and a beta of 0.81.

Pet Valu (TSE:PET) last announced its earnings results 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 firm had revenue of C$276.03 million for the quarter, compared to the consensus estimate of C$267.68 million.

Pet Valu Cuts Dividend

The firm also recently announced 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. The ex-dividend date is Friday, November 29th. This represents a $0.44 dividend on an annualized basis and a yield of 1.70%. Pet Valu’s payout ratio is currently 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.