What is Roth Capital’s Forecast for PSQ FY2024 Earnings?

PSQ Holdings, Inc. (NYSE:PSQH) – Roth Capital upped their FY2024 earnings per share (EPS) estimates for PSQ in a research report issued on Wednesday, December 11th. Roth Capital analyst D. Aftahi now expects that the company will earn ($1.54) per share for the year, up from their previous forecast of ($1.59). The consensus estimate for PSQ’s current full-year earnings is ($1.59) per share. Roth Capital also issued estimates for PSQ’s Q4 2024 earnings at ($0.34) EPS, Q1 2025 earnings at ($0.25) EPS, Q2 2025 earnings at ($0.25) EPS, Q3 2025 earnings at ($0.25) EPS, Q4 2025 earnings at ($0.24) EPS and FY2025 earnings at ($0.98) EPS.

Separately, Roth Mkm dropped their price target on shares of PSQ from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

PSQ Trading Down 2.6 %

PSQ stock opened at $4.12 on Monday. PSQ has a one year low of $2.00 and a one year high of $7.77. The company’s fifty day moving average price is $3.02 and its two-hundred day moving average price is $2.99. The company has a market capitalization of $143.22 million, a price-to-earnings ratio of -3.27 and a beta of 0.17. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72.

PSQ (NYSE:PSQH) last released its earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.01). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The business had revenue of $6.54 million for the quarter, compared to analysts’ expectations of $6.52 million. During the same period last year, the firm earned ($0.49) EPS.

Hedge Funds Weigh In On PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC increased its holdings in shares of PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 199,185 shares of the company’s stock after buying an additional 44,282 shares during the quarter. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 as of its most recent SEC filing. Institutional investors and hedge funds own 17.32% of the company’s stock.

Insider Activity

In other PSQ news, Director Kelly Lynn Loeffler purchased 1,203,704 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average cost of $2.70 per share, with a total value of $3,250,000.80. Following the acquisition, the director now directly owns 1,203,704 shares of the company’s stock, valued at approximately $3,250,000.80. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have acquired 1,209,235 shares of company stock worth $3,273,465. Corporate insiders own 32.11% of the company’s stock.

About PSQ

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name.