Petco Health and Wellness (WOOF) Scheduled to Post Quarterly Earnings on Wednesday

Petco Health and Wellness (NASDAQ:WOOFGet Rating) is set to announce its earnings results before the market opens on Wednesday, November 30th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Petco Health and Wellness (NASDAQ:WOOFGet Rating) last released its quarterly earnings results on Wednesday, August 24th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Petco Health and Wellness had a return on equity of 7.96% and a net margin of 2.03%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company earned $0.21 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect Petco Health and Wellness to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Petco Health and Wellness Trading Up 1.6 %

Shares of Petco Health and Wellness stock opened at $9.73 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.98 and a quick ratio of 0.28. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 2.01 and a beta of 0.78. The business has a fifty day simple moving average of $11.18 and a two-hundred day simple moving average of $14.09. Petco Health and Wellness has a 1 year low of $9.14 and a 1 year high of $22.75.

Analyst Ratings Changes

A number of equities analysts recently commented on WOOF shares. Wells Fargo & Company cut their price objective on Petco Health and Wellness from $19.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, November 18th. Morgan Stanley dropped their price target on Petco Health and Wellness from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 25th. The Goldman Sachs Group decreased their price objective on Petco Health and Wellness from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, October 4th. StockNews.com began coverage on Petco Health and Wellness in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Citigroup dropped their target price on Petco Health and Wellness from $19.00 to $15.00 in a report on Monday, October 31st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.78.

Insider Transactions at Petco Health and Wellness

In other Petco Health and Wellness news, insider Justin Tichy sold 6,500 shares of the stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $9.85, for a total transaction of $64,025.00. Following the transaction, the insider now directly owns 341,254 shares in the company, valued at approximately $3,361,351.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Petco Health and Wellness

Institutional investors have recently modified their holdings of the company. MetLife Investment Management LLC acquired a new position in Petco Health and Wellness during the 1st quarter worth about $25,000. Point72 Hong Kong Ltd acquired a new position in Petco Health and Wellness during the 1st quarter worth approximately $154,000. Cetera Advisor Networks LLC acquired a new stake in shares of Petco Health and Wellness in the 1st quarter valued at approximately $265,000. International Assets Investment Management LLC acquired a new stake in Petco Health and Wellness during the 1st quarter valued at $278,000. Finally, Ensign Peak Advisors Inc lifted its holdings in Petco Health and Wellness by 15.3% during the 3rd quarter. Ensign Peak Advisors Inc now owns 14,390 shares of the company’s stock valued at $161,000 after purchasing an additional 1,910 shares during the last quarter. Institutional investors own 68.23% of the company’s stock.

About Petco Health and Wellness

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Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.

Further Reading

Earnings History for Petco Health and Wellness (NASDAQ:WOOF)

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