Q4 Earnings Forecast for Pet Valu Issued By Raymond James

Pet Valu Holdings Ltd. (TSE:PET) – Analysts at Raymond James dropped their Q4 2024 earnings per share (EPS) estimates for Pet Valu in a research note issued to investors on Tuesday, November 5th. Raymond James analyst M. Glen now forecasts that the company will post earnings per share of $0.39 for the quarter, down from their prior estimate of $0.45. The consensus estimate for Pet Valu’s current full-year earnings is $1.68 per share. Raymond James also issued estimates for Pet Valu’s FY2025 earnings at $1.50 EPS.

Pet Valu (TSE:PET) last announced its earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.35 by C$0.06. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. The company had revenue of C$276.03 million during the quarter, compared to analyst estimates of C$267.68 million.

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

Pet Valu Stock Performance

Shares of TSE: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 firm has a market capitalization of C$1.85 billion, a price-to-earnings ratio of 22.67 and a beta of 0.81. The firm has a fifty day simple moving average of C$25.57.

Pet Valu Cuts Dividend

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